Determine the probability that all 5 lose money- the, Basic Statistics

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Determine the probability that all 5 lose money- the

The Department of Agriculture of the United States reports that 75% of all people who invest in the futures market lose money. Based on the binomial probability function, with n = 5, determine

(a) the probability that all 5 lose money.

(b) the probability that all 5 make money.

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