(Answered) When there are few data we often fall back on personal

Management Studies

When there are few data, we often fall back on personal probability. There had been just 24 space shuttle launches, all successful, before the Challenger disaster in January 1986. The shuttle program management thought the chances of such a failure were only 1 in 100,000. Suppose 1 in 100,000 is a correct estimate of the chance of such a failure. If a shuttle was launched every day, about how many failures would one expect in 300 years? [a] (Round to the nearest integer.)

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