Twenty percent of the applications received for a position are rejected. What is the probability that among the next 14 applications, less than 2 will be rejected?Choices:0.04400.12980.1979Please explain binomial distribution and use this formula to solve on excel

Twenty percent of the applications received for a position are rejected. What is the probability that among the next 14 applications, less than 2 will be rejected?Choices:0.04400.12980.1979Please explain binomial distribution and use this formula to solve on excel

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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