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

question 166

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 at least 1 business succeeds is_____ .

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Definitions:

Valence

The perceived value or desirability of a reward or outcome, influencing an individual's motivation.

Expectancy

The belief or anticipation regarding the likelihood that a specific outcome or event will occur.

Lowering Blood Sugar

A process aimed at reducing glucose levels in the blood, often through diet, exercise, or medication.

Behavioral Goals

Specific, observable actions or achievements one aims to reach through modification or reinforcement of behavior.