Assignment:
The Dutch consumer-electronics giant, Philips, is protected against takeovers by a unique corporate voting structure that gives power only to a few trusted shareholders. A decision of whether to sever Philips’ links with the loss-producing German electronics firm Grundig had to be made. The decision required a simple majority of nine decision-making shareholders. If each is believed to have a 0.25 probability of voting yes on the issue, what is the probability that Grundig will be dumped?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.