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

question 102

Short Answer

TABLE 5-2
A certain type of new business succeeds 60% of the time. Suppose that three 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 one business succeeds is ________.

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Definitions:

Endocrine Problem

A disorder or malfunction in the endocrine system, which can affect hormone production and lead to various health issues.

Growth Chart

A chart consisting of percentile curves that are used to determine a child’s growth in relation to average rates.

Development

A process of improvement and growth, which can be economic, social, biological, or organizational, involving the gradual evolution or realization of potential.

Standard Growth

A term often used to describe normal or expected growth patterns in living organisms or economic indicators over time.