What is the probability that all three businesses succeed, Basic Statistics

+44 141 628 6080
[email protected]

What is the probability that all three businesses succeed

A certain type of new business succeeds 70 % of the time. Suppose that three such businesses open.

a) What is the probability that all three businesses succeed?
b) What is the probability that no business succeeds?
c) What is the probability that exactly one business succeeds?
d) Compute the mean and standard deviation for this problem.

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is the probability that all three businesses succeed

Reference No:- TGS0117745

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Basic Statistics

Q : How many times does randommin execute line

In the worst case, how many times does RANDOMMIN execute line ?What is the probability that line is executed during the nth iteration of the for loop?

Q : Why a pollinator is attracted to a particular flower

Why a pollinator is attracted to a particular flower??

Q : What did you learn about stress

What did you learn about stress that you will use to improve your own life?

Q : Find the observed significance level

In a test of hypothesis Ho: µ = 80 against Ha: µ ≠ 80, calculation showed that z = 1.76. Find the observed significance level.

Q : What is the probability that all three businesses succeed

A certain type of new business succeeds 70 % of the time. Suppose that three such businesses open. What is the probability that all three businesses succeed?

Q : The decision tree inductive learning algorithm

With the ten Boolean attributes for n, it gives us or 21024 different functions to choose from, that is a huge number. Since that would mean as many possible leafs since a leaf specifies the value to be returned by a function.

Q : An example of negative feedback regulation

Which one of the following is not an example of negative feedback regulation?

Q : Produce product from the peaches

Mr. Davis owns one of the largest jam, jelly and preserves plants in the country. He's based in Massachusetts, just outside of Boston. Davis prides himself on producing the finest products in the business.

Q : Sampling since the abnormal condition began

A Tamiami shearing machine is producing 10 percent defective pieces, which is abnormally high. The quality control engineer has been checking the output by almost continuous sampling since the abnormal condition began. What is the probability tha

1960239

Questions
Asked

3,689

Active Tutors

1448532

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is the probability that all three businesses succeed

Reference No:- TGS0117745

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : How many times does randommin execute line

Q : Why a pollinator is attracted to a particular flower

Q : What did you learn about stress

Q : Find the observed significance level

Q : What is the probability that all three businesses succeed

Q : The decision tree inductive learning algorithm

Q : An example of negative feedback regulation

Q : Produce product from the peaches

Q : Sampling since the abnormal condition began

Problem on journal articles and non-journal materials

Problem concerning consensual sexual relationship

Outline a social issue that is important to you

Discuss children diagnosed with developmental disabilities

Discuss three ethical guidelines that are important

Is lifespan psychologists are unlikely to investigate

Identify a true statement about validity

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is the probability that all three businesses succeed

Reference No:- TGS0117745

Recent Questions Asked Basic Statistics

Q : How many times does randommin execute line

Q : Why a pollinator is attracted to a particular flower

Q : What did you learn about stress

Q : Find the observed significance level

Q : What is the probability that all three businesses succeed

Q : The decision tree inductive learning algorithm

Q : An example of negative feedback regulation

Q : Produce product from the peaches

Q : Sampling since the abnormal condition began

Asked Questions