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It is known that 81% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 61 new products, find the following probabilities. (Round your answers to four decimal places.)

a) within 2 years 47 or more fail

b) within 2 years 58 or fewer fail

c) within 2 years 15 or more succeed

d) within 2 years fewer than 10 succeed

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9991228

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