Instruction 5.5 a Certain Type of New Business Succeeds 60% of the of the Time

question 157

Short Answer

Instruction 5.5
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 Instruction 5.5,the probability that exactly one business succeeds is______

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Definitions:

Anglo-Saxon

A term referring to the Germanic inhabitants of England between the 5th and 11th centuries, and often used in wider contexts relating to English history and culture.

Eastern Europe

A geographical and cultural region in Europe, generally described as encompassing many countries to the east of Germany and west of Russia.

Feminists

Advocates for women's rights and equality between the genders, aiming to dismantle systemic inequalities and social norms limiting women's roles.

Woman Movement

A series of campaigns for reforms on issues such as reproductive rights, domestic violence, maternity leave, equal pay, women's suffrage, and sexual harassment, broadly known as the feminist movement.