The probability that a business owner will go bankrupt in, Ask an Expert

Statistics

The probability that a business owner will go bankrupt in it first year is .34. For 25 like businesses, find the probability first by using the binomial probability formula, and then by using the normal approximation.

a. exactly 9 go bankrupt

b. No more than 3 go bankrupt

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9371697

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