Answer:
Therefore, the probability is P=0.018.
Step-by-step explanation:
We know that each year a company selects a number of employees for a management training program. On average, 50 percent of those sent complete the program.
We conclude that p=0.5 and q=0.5.
We calculate the probability:
[tex]P=C_4^{17}\cdot p^4\cdot q^{13}\\\\P=\frac{17!}{4!(17-4)!} \cdot 0.5^4\cdot 0.5^{13}\\\\P=0.018[/tex]
Therefore, the probability is P=0.018.