3. A billing collector at a hospital calls five people, trying to collect money unpaid bills from them. The chance that the billing collector actually talks with any one of the people is a probability equal to 0.05. For the following questions, use the binomial probability formula.

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(a) What is the chance that the billing collector talks to nobody?

(b) What is the chance that the billing collector talks to at least one person? (Hint: use the idea of event complements. You don’t need to compute four separate binomial probabilities here).

(c) What is the chance that the billing collector talks to everybody?

(d) What is the chance that the billing collector talks to one or two people total, after calling 5 of them? Get Economics homework help today