According to numbers provided by the Bureau of Labor Statistics, the probability that three unrelated new businesses

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According to numbers provided by the Bureau of Labor Statistics, the probability that three unrelated new businesses will last for five years is .216. What is the probability that all three have failed before that time? Assume that the conditions for Bernoulli trials hold.
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Statistics Principles And Methods

ISBN: 9780470904114

7th Edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

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