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

question 174

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 fail is ________.

---

Definitions:

Free Association

A psychoanalytic technique in which a patient verbalizes thoughts as they come to mind, without censorship or filtering, to uncover unconscious processes.

Play Therapy

A form of psychotherapy that uses play as a means for children to express their feelings, thoughts, and experiences in a safe, therapeutic environment.

Black Identity

This concept relates to the sense of group identity and individual self-concept that African Americans and people of the African diaspora develop in response to societal attitudes about race and ethnicity.

Identity Clusters

A concept in developmental psychology referring to groups of qualities and characteristics that collectively define a person's sense of self.