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TABLE 5-2 a Certain Type of New Business Succeeds 60% of the of the Time

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TABLE 5-2
A certain type of new business succeeds 60% of the time. Suppose that 3 such businesses open (where they do not compete with each other, so it is reasonable to believe that their relative successes would be independent).
-Referring to Table 5-2, the probability that all 3 businesses fail is ________.


Definitions:

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The complete set of genetic information within all individuals of a population or species.

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A measurement of the number of individuals living within a specific area, typically expressed as people per square kilometer or mile.

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An American ornithologist, naturalist, and painter known for his studies, drawings, and paintings of North American birds.

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