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

question 101

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 exactly 1 business succeeds is _____.

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Definitions:

Cortisol

A steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration; it plays a key role in the body's stress response.

Oxytocin

A hormone and neurotransmitter that plays a role in social bonding, reproduction, childbirth, and the period after childbirth.

Homeostasis

The process by which living organisms regulate their internal environment to maintain a stable, optimal condition despite external changes.

Oxytocin

A hormone and neurotransmitter involved in childbirth and breastfeeding, also known as the "love hormone" for its role in social bonding.