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:

Odd Personality Disorders

A cluster of personality disorders characterized by eccentric behaviors, thinking, or appearances, often alienating these individuals from others.

Schizophrenia

A complex psychiatric disorder characterized by disturbances in thought, perception, and behavior.

Schizoid Personality Disorder

A personality disorder characterized by a long-term pattern of detachment from social relationships and a limited range of emotional expression in interpersonal settings.

Social Relationships

Connections or interactions between individuals in a social context, which can influence behavior and emotions.