[See Solution] A plan for reorganizing a corporation must be approved by 80% of the directors. If 20 directors are on the board, and if the probability that
Question: 4. A plan for reorganizing a corporation must be approved by 80% of the directors. If 20 directors are on the board, and if the probability that any of them will approve the reorganization is .7, find the probability of the plan being approved by the board. What assumptions were necessary for you to reach your conclusion.
Deliverable: Word Document 
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