Suppose that a firm has a set of n = 7 suppliers and that eachhas the probability of p=0.2 of going

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Suppose that a firm has a set of n = 7 suppliers and that eachhas the probability of p=0.2 of going out of business. If the eventof each firm going out of business is independent, then what is theprobability that none of the suppliers go out of business? . . .

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