A venture capitalist invests in startup technology companies. She expects about 55% of these companies to be
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Question:
A venture capitalist invests in startup technology companies. She expects about 55% of these companies to be successful. Complete parts (a) through (c) below.
(a) What is the probability that she will have to invest in more than three companies before she comes upon one that is successful? Be sure to state any assumptions that you make. The probability is nothing. (Round to four decimal places as needed.)
Related Book For
Statistics for Business Decision Making and Analysis
ISBN: 978-0134497167
3rd edition
Authors: Robert A. Stine, Dean Foster
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