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[See Steps] The probability that a small business will go bankrupt in its first year is 0.21. For 50 such small business, find the following probabilities by

Question: The probability that a small business will go bankrupt in its first year is 0.21. For 50 such small business, find the following probabilities by using either the binomial probability formula or by using the normal approximation.

Exactly 8 go bankrupt.
No more than 2 go bankrupt.

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[See Steps] The probability that a small business will go bankrupt in its first year is 0.21. For 50 such small business, find the following probabilities by

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