Answer to Question #82255 in Statistics and Probability for kamal

Question

here is a 20.13% probability that any new IT company will generate a profit in
their first year. If 5 companies are selected at random, find
a.
The probability that exactly 3 will generate profit in the first year
?
b.
Less than 3 will generate profit in the
first year
?
c.
The average number of
new
IT
companies that
will generate profit
in their
first year?