high performance during the year. The probability of each employee achieving this goal is 0:10 and

is independent of the probabilities of the other employees doing so. If there are n = 10 employees,

how much should M equal so that the funds has a probability of at least 99% of covering those

payments?

Is this a binomial distribution question? I am pretty confused. All I could think of is

10

Σ 1000Ck (0.1)^k (0.9)^(1000-k)

k=0

Help pleaseeeeeeee