Kurt T. answered 02/21/13
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This is a binomial probability question. p = 0.30, q = 1-p = 0.70, and n = 12.
Probability (exactly 3) = (12 C 3) (0.30^3) (0.70^9)
12 C 3 = 12! / (9! 3!) = (10*11*12) / 3! = 220
220 * 0.027 * 0.040 = 0.240.