TABLE 5-2 a Certain Type of New Business Succeeds 60% of the of the Time

question 13

Short Answer

TABLE 5-2
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).
-Referring to Table 5-2, the probability that at least 1 business succeeds is ________.

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Definitions:

Self-help Group

A voluntary association of individuals who share a common desire to overcome psychological or physical challenges, offering mutual support and resources.

Group Therapy

A form of psychotherapy in which one or more therapists treat a small group of clients together as a group.

Therapist

A professional trained to provide psychological counseling and support to individuals dealing with emotional, mental, or behavioral issues.

Group Therapy

A form of psychotherapy that involves one or more therapists working with several people at the same time, often beneficial for sharing experiences and strategies.