document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=595393>Question 595393</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Forty percent of banks did not earn profits during 2003.  The SEC selects two banks at random.  Find the probability that neither of them earned profits in 2003. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #377159 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=377159\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Forty percent of banks did not earn profits during 2003. The SEC selects two banks at random. Find the probability that neither of them earned profits in 2003.<BR>\n" );
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document.write( "Binomial Problem with n = 2 and p(no profit) = 0.4<BR>\n" );
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document.write( "P(x = 2) = 2C2*0.4^2*0.6^0 = 0.4^2 = 0.16<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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