SCENARIO 5-2 a Certain Type of New Business Succeeds 60% of the of the Time.Suppose

question 159

Short Answer

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

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Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Rule By An Individual

A form of governance where a single person holds supreme authority, typically without effective constitutional limitations, commonly referred to as autocracy or dictatorship.

Incidental Motions

Incidental motions are procedural motions in parliamentary procedure that arise out of other motions and must be decided before the main question.

Refer

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