A Company Markets Educational Software Products, and Is Ready to Place

question 137

Short Answer

A company markets educational software products, and is ready to place three new products on the market. Past experience has shown that for this particular software, the chance of "success" is 80%. Assume that the probability of success is independent for each product.
-Find the probability that exactly 1 of the 3 products is successful.

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Definitions:

Body Fat

The portion of the human body that consists of stored lipids, serving as energy reserves and insulation.

Substance Abuse

The adverse or unsafe utilization of psychoactive substances, including alcohol and illicit drugs, which causes addiction or dependence.

Psychological Problems

Refers to a range of mental health issues that can affect mood, thinking, and behavior.

Poised

Exhibiting a composed or balanced state that reflects grace, calmness, and confidence, especially in the face of stress or uncertainty.