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:

Data Collection Method

Techniques or procedures used to gather information or data for analysis in research, studies, or evaluations.

Kirkpatrick's Hierarchical Evaluation Model

A framework that assesses training programs through four levels: reaction, learning, behavior, and results, to measure their effectiveness.

Validity

The quality of being logically or factually sound; in research, it refers to the extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Bell Canada

A leading telecommunications company in Canada offering a variety of services including telephone, internet, and television.