Alocal factory uses a manufacturing process in which 70% of the final products meet quality standards and 30% are found to be defective. if three of the products are randomly selected, find the probability that all of them are acceptable.

   a manufacturing process has a 70% yield, meaning that 70% of the porducts are acceptable and 30% are defective. If three of the products are randomly selected, find the probability that all of them are acceptable. ---
   Ans: 0.7^3 = 0.3430.