A company launches 15 products, and each of them hasa 40% chance of being profitabile in S years. If each product launch is successful independent of the other launches, what is the probebility thet esactly 7 of the products launch successtullyint independent trials with fived p'of success is a Binomial Distribution A 1253% 17.71 65.23% 21.92

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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Binomial Exact Probabilities
A company launches 15 products, and each of them has a 40% chance of being profitable in 5 years. If each product launch is
successful independent of the other launches, what is the probebility that exactly 7 of the products launch successfullyint w
independent trials with fived p'of success is a Binomial Distribution
12.53%
17.71%
65.23%
21.92%
Transcribed Image Text:Binomial Exact Probabilities A company launches 15 products, and each of them has a 40% chance of being profitable in 5 years. If each product launch is successful independent of the other launches, what is the probebility that exactly 7 of the products launch successfullyint w independent trials with fived p'of success is a Binomial Distribution 12.53% 17.71% 65.23% 21.92%
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