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

question 131

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 exactly 1 business succeeds is ________.

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Definitions:

Capacity Development

The process of enhancing the abilities of individuals, organizations, and communities to perform functions, solve problems, and set and achieve objectives.

Large-scale Change

Significant transformations that affect extensive aspects of an organization, a community, or society.

Separating People

Separating people involves creating physical or emotional distance between individuals or groups, often due to differences, conflicts, or to ensure privacy or safety.

Problem

A situation, question, or matter that is difficult to deal with or understand.