The 2000 Census showed that 26% of all firms in the United States are owned by women.

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The 2000 Census showed that 26% of all firms in the United States are owned by women. You’re phoning local businesses, assuming that the national percentage is true in your area. You wonder how many calls you’ll have to make before you find one owned by a woman. What probability model should you use? (Specify the parameters as well.)

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Related Book For  answer-question

Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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