You invest in 15 clean-tech startup companies. Each company has a 10% chance of becoming profitable. Since

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You invest in 15 clean-tech startup companies. Each company has a 10% chance of becoming profitable. Since each company uses a different technology, assume that whether one company becomes profitable is independent of whether any other company does.

Let X be the number of clean-tech startup companies in your portfolio that become profitable.

Please indicate if random variable X is a Binomial random variable?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 19, 2023 03:19 AM

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You invest in 15 clean-tech startup companies. Each company has a 10% chance of becoming profitable. Since

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Yes the random variable X in this scenario is a Binomial random va... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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