A certain type of new business succeeds 70 of the time., Ask an Expert

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A certain type of new business succeeds 70 % of the time. Suppose that three such businesses open.

a) What is the probability that all three businesses succeed?
b) What is the probability that no business succeeds?
c) What is the probability that exactly one business succeeds?
d) Compute the mean and standard deviation for this problem.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9117745

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