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In: Statistics and Probability

Bryan is performing data entry for an insurance company by taking handwritten records and entering them...

Bryan is performing data entry for an insurance company by taking handwritten records and entering them into the database. Thus far, 1.8% of the handwritten records have had missing data that prevented them from being entered into the database. If the probability that the first record with missing data is found within the first five records is greater than 5%, Bryan will stop data entry and ask for more information. Will Bryan stop entering data? Use Excel to find the probability, rounding to three decimal places.

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orchestra answered 2 years ago
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