Answer: Our required probability is 0.0002.
Explanation:
Since we have given that
Probability that the professors are excellent = 20% = 0.20
Probability that the professors are good = 50% = 0.50
Probability that the professors are fair = 20% = 0.20
Probability that the professors are bad = 10% = 0.10
Number of professors = 12
We need to find the probability that 4 are excellent and 3 are good.
So, it becomes,

Hence, our required probability is 0.0002.