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SCENARIO 5-10 Subscribers to Investment Advice White Letters Perform Security Transactions at Transactions

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SCENARIO 5-10
Subscribers to Investment Advice White Letters perform security transactions at the rate of five trades
per month. Assume that one of the subscribers performs transactions at this rate and the probability
of a transaction for any two months is the same and the number of transactions in one month is
independent of the number of transactions in another month.
-Referring to Scenario 5-10, what is probability that fewer than two security transactions will be
conducted in one month?

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