3. According to a July, 1999, article in the New York Times, venture capitalists had this rule of thumb": the probability that an Internet stat-up company will be a „stock market success" resulting in „spectacular profits for early investors" is 0,2. If you were a venture capitalist who invested in 10 Internet start-up companies, what was the probability that at least two of them would be a stock market success?

3. According to a July, 1999, article in the New York Times, venture capitalists had this rule of thumb": the probability that an Internet stat-up company will be a „stock market success" resulting in „spectacular profits for early investors" is 0,2. If you were a venture capitalist who invested in 10 Internet start-up companies, what was the probability that at least two of them would be a stock market success?

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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