Answer:
We can use the formula for the probability mass function of a binomial distribution:
P(X = k) = (n choose k) * p^k * (1 - p)^(n-k)
Where:
n = number of trials
k = number of successes
p = probability of success
In this case, n = 5, k = 1, and p = 0.05. Plugging these values into the formula, we get:
P(X = 1) = (5 choose 1) * 0.05^1 * (1 - 0.05)^(5-1) ≈ 0.23
Rounding to the nearest tenth, the probability of exactly one success in five trials with a 5% probability of success is approximately 0.2 or 20%.
Explanation: