According to the Daily Racing Form, the probability is about 0.67 that the favorite in a horse race will finish in the money (first, second, or third place). In the next five races, what is the probability that the favorite finishes in the money a. exactly twice? b. exactly four times? c. at least four times? d. between two and four times, inclusive? e. Determine the probability distribution of the random variable X, the number of times the favorite finishes in the money in the next five races.

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