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

question 13

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 at least 1 business succeeds is ________.

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Definitions:

Surplus Material

Items or materials in excess of what is needed, often retained for future use or disposed of through sale or donation.

Disposal Options

Various methods available for disposing of waste, surplus, or obsolete resources or assets.

Transferring

The act of moving or shifting something from one place, person, or entity to another.

Selling

Selling involves the process of offering goods or services to customers in exchange for money or other forms of payment.