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

question 155

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 all 3 businesses succeed is ________.

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Definitions:

Qigong

A Chinese discipline consisting of breathing and mental exercises combined with body movements.

Chiropractic Therapy

Treatment that focuses on the spine and its relation to the component bone structures, muscles, and nerves and treats a variety of symptoms through spinal manipulation or adjustment.

Respiratory Illnesses

Diseases that affect the air passages, including the nasal passages, the bronchi, and the lungs.

Rural Agricultural

Pertaining to farming and agricultural practices conducted in rural areas, often focusing on the production of food and raw materials.