A Certain Type of New Business Succeeds 60% of the Time

question 39

Multiple Choice

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) . Which of the following distributions would you use to figure out the probability that all of them will fail?

• A) binomial distribution
• B) uniform distribution
• C) Poisson distribution
• D) normal distribution

---

Definitions:

Health of the Nation

A comprehensive evaluation of the health status and outcomes of a country's population, often including measures like life expectancy, disease prevalence, and access to healthcare.

Socialized Medicine

A healthcare system in which the government owns and operates healthcare facilities and employs the healthcare professionals, thereby providing healthcare services to all citizens.

National Drug Plan

A government's strategy to address issues related to drug use, including prevention, treatment, enforcement, and harm reduction.

Prescription Drugs

Medicines that can only be obtained with a doctor's written order and are used to treat various health conditions.