A Certain Type of New Business Succeeds 60% of the Time.Suppose

question 82

Multiple Choice

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) .Which of the following distributions would you use to determine the probability that all of them will fail?

• A) Binomial distribution.
• B) Hypergeometric distribution.
• C) Poisson distribution.
• D) None of the above.

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Definitions:

Attractive Forces

Forces that cause particles or objects to come together, commonly found in physics and chemistry, such as gravitational or electromagnetic forces.

Endorphins

Neurochemicals produced by the body that act as natural painkillers and are associated with feelings of pleasure and euphoria.

Pain Perception

The subjective process by which the brain interprets signals from the body signaling harm or potential harm, resulting in the experience of pain.

Endogenous Substance

A compound or chemical that is produced within an organism or a biological system rather than being introduced from the environment.