At any given moment the pipeline managers estimate that 15


On a pipeline, a device known affectionately as a pig, checks the pipeline seams for leaks. The hundreds of thousands of seams along the 500 mile pipeline can be considered a steady stream of product.

At any given moment, the pipeline managers estimate that 1.5% of the seams will need repair. What is the probability that in the next sample of 25 seams, 2 or fewer of the seams will need repair?

 

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Finance Basics: At any given moment the pipeline managers estimate that 15
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