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SCENARIO 5-2 a Certain Type of New Business Succeeds 60% of the of the Time.Suppose

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SCENARIO 5-2
A certain type of new business succeeds 60% of the time.Suppose that 3 such businesses open (where they do not compete,so it is reasonable to believe that their relative successes would be independent).
-Referring to Scenario 5-2,the probability that at least 1 business succeeds is_____ .


Definitions:

Social Interest

The concept in psychology that refers to an individual's inclination towards being cooperative and contributing to the welfare of the community.

Personality

The unique combination of characteristics and qualities that form an individual's distinct character, influencing thoughts, behaviors, and emotions.

Superiority Complex

A psychological defense mechanism in which a person’s feelings of superiority over others mask their own feelings of inadequacy or inferiority.

Exaggerated Opinion

A belief or judgment that is significantly overstated or represented more strongly than is justified by the facts.

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