In economics, of all new products put on the market, 60% failed and are taken off the market within 2 years. Suppose a store introduces 80 new products. What is the probability that within 2 years 55 or more will fail?
In economics, of all new products put on the market, 60% failed and are taken off the market within 2 years. Suppose a store introduces 80 new products. What is the probability that within 2 years 55 or more will fail?
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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In economics, of all new products put on the market, 60% failed and are taken off the market within 2 years. Suppose a store introduces 80 new products. What is the probability that within 2 years 55 or more will fail?
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