Math Problem Statement
Of all the new vehicles of a certain model that are sold, 23% require repairs to be done under warranty during the first year of service. A particular dealership sells 15 such vehicles. What is the probability that fewer than three of them require warranty repairs?
Solution
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Math Problem Analysis
Mathematical Concepts
Binomial Distribution
Probability Theory
Formulas
Binomial distribution formula
Theorems
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Suitable Grade Level
Advanced High School / College
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