SOLUTION: An insurance company reported that 60% of all automobile damage claims were made by people under the. age of 25. If eight automobile damage claim were selected at random, determine

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Question 1112006: An insurance company reported that 60% of all automobile damage claims were made by people under the. age of 25. If eight automobile damage claim were selected at random, determine the probability that exactly five of them were made by someone under the age of 25
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This would be 8C5 (0.6)^5*(0.4)^3=
56*0.0776*0.064
without rounding, calculate
=0.2787