A company has estimated that the probabilities of success for 3 products introduced in the market are and respectively. Assuming independence, find the probability that exactly 1 product is successful. (Enter your probability as a fraction.)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 41E
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A company has estimated that the probabilities of success for 3 products introduced in the market are 1,37, and 1/2,
and respectively.
Assuming independence, find the probability that exactly 1 product is successful. (Enter your probability as a fraction.)
Transcribed Image Text:A company has estimated that the probabilities of success for 3 products introduced in the market are 1,37, and 1/2, and respectively. Assuming independence, find the probability that exactly 1 product is successful. (Enter your probability as a fraction.)
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