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A Company Markets Educational Software Products and Is Ready to Place

question 67

Multiple Choice

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. What is the probability that exactly 1 of the 3 products is successful?

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Definitions:

Random Events

Incidents or occurrences that happen without a predictable pattern or plan.

Retrieval Cues

Stimuli or signals that help in the recovery of memories stored in the brain, making it easier to retrieve information when needed.

Recognizing

The process of identifying a previous experience, object, or person from one's memory.

Recalling

Recalling is the cognitive process of retrieving information from memory.

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