In manufacturing integrated circuits, the yield of the manufacturing process is the percentage of good chips produced by the process. The probability that an integrated circuit manufactured by the Ace Electronics Company will be defective is p=0.03. If a random sample of 12 circuits is selected for testing, answer the following questions. Step 1 of 2: What is the probability that no more than one integrated circuit will be defective in the sample? Round your answer to four decimal places, if necessary.

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