A construction company has found it has a probability of 0.10 of winning each time it bids on a project. The probability of winning a given number of projects out of 12 bids could be determined with a binomial distribution.

Question

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The scenario meets the criteria for a binomial distribution: a fixed number of trials (12 bids), each trial has only two outcomes (win or lose), the probability of success (winning) is constant (0.10), and the trials are independent.

A Construction Company Has Found It Has a Probability of 0.10