While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing—and there are plenty that do not—2 will be stock market successes, which means spectacular profits for early investors; 3 will be sold to other concerns, which translates into more modest profits; and the rest will fail. (a) What is a sample space for the scenario? S = {Stock market success, Sold to other concerns, Fail} S = {Web entrepreneurs, Venture capitalists, Ventures} S = {10, 2, 3} S = {2, 3, the rest} S = {Web entrepreneurs, Venture capitalists, Internet start-up companies}

While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing—and there are plenty that do not—2 will be stock market successes, which means spectacular profits for early investors; 3 will be sold to other concerns, which translates into more modest profits; and the rest will fail. (a) What is a sample space for the scenario? S = {Stock market success, Sold to other concerns, Fail} S = {Web entrepreneurs, Venture capitalists, Ventures} S = {10, 2, 3} S = {2, 3, the rest} S = {Web entrepreneurs, Venture capitalists, Internet start-up companies}

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 58E: What is meant by the sample space of an experiment?

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