Suppose that 10% of the engines manufactured on a certain assembly line are defective. if engines are randomly selected one at a time and tested, (1) (2 points) calculate the probability that exactly two good engines will be tested before a defective engine is found. (2) (2 points) calculate the probability that at least three good engines will be tested before a defective engine is found. (3) (2 points) calculate the expected value of the number of good engines tested before a defective engine is found.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.