What is the probability that all three businesses succeed, Basic Statistics

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What is the probability that all three businesses succeed

A certain type of new business succeeds 70 % of the time. Suppose that three such businesses open.

a) What is the probability that all three businesses succeed?
b) What is the probability that no business succeeds?
c) What is the probability that exactly one business succeeds?
d) Compute the mean and standard deviation for this problem.

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Basic Statistics: What is the probability that all three businesses succeed

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Basic Statistics: What is the probability that all three businesses succeed

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Basic Statistics: What is the probability that all three businesses succeed

Reference No:- TGS0117745

Recent Questions Asked Basic Statistics

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