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

question 63

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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
Determine the probability that all of them will fail?


Definitions:

Unhealthy Behaviors

Actions or patterns that have a negative impact on physical or mental health.

Healthy Diet

A balanced and nutritional eating plan that provides the body with necessary nutrients for optimal health and functioning.

Coronary Heart Disease

The clogging of the vessels that nourish the heart muscle; the leading cause of death in many developed countries.

Upper Respiratory Infections

Infections that affect the nasal passages, throat, and airways above the lungs, often characterized by symptoms like coughing, sneezing, and sore throat.

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