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Exercise

Calculating binomial probabilities

Just as in the last exercise, assume that Amir wins 30% of deals. He wants to get an idea of how likely he is to close a certain number of deals each week. In this exercise, you'll calculate what the chances are of him closing different numbers of deals using the binomial distribution.

Instructions 1/3
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  • What's the probability that Amir closes all 3 deals in a week?
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