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The probability of each voter selected at random voting in favor of the initiative is 76%.
Using the binomial probability formula:
P(X=k) = (n choose k) * p^k * (1-p)^(n-k)
Where:
n = 10 (number of voters selected)
k = 5 (number of voters in favor)
p = 0.76 (probability of a voter in favor)
(1-p) = 0.24 (probability of a voter not in favor)
P(X=5) = (10 choose 5) * 0.76^5 * 0.24^5
P(X=5) = 252 * 0.01142961536 * 0.00321895689
P(X=5) = 0.0919
Multiplying by 100 to get the percentage:
0.0919 * 100 = 9.19%
So, the probability that exactly five out of ten voters selected at random will vote in favor of the initiative is 9.19%, which is not one of the options provided.