The Denver Post stated that 80% of all new products introduced in grocery stores fail (are taken

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The Denver Post stated that 80% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 66 new products, what is the probability that within 2 years:
(a) 47 or more fail?
(b) 58 or fewer fail?
(c) 15 or more succeed?
(d) Fewer than 10 succeed?
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Related Book For  book-img-for-question

Understanding Basic Statistics

ISBN: 9781111827021

6th Edition

Authors: Charles Henry Brase, Corrinne Pellillo Brase

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