Mathematics, 06.06.2020 18:00 recon12759

Chances: Risk and Odds in Everyday Life, by James Burke, reports that only 2.0% of all local franchises are business failures. A Colorado Springs shopping complex has 129 franchises (restaurants, print shops, convenience stores, hair salons, etc.).what is n? What is p? What is λ (rounded to the nearest tenth)? (a) What is the probability that none of the franchises will be a business failure? (Use 4 decimal places.) (b) What is the probability that two or more franchises will be a business failure? (Use 4 decimal places.) (c) What is the probability that four or more franchises will be a business failure? (Use 4 decimal places.)

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:30, deanlmartin

The soup shack usually makes tomato soup with 99 tomatoes for every 1212 cups of soup. today, they made 88 cups of soup with 66 tomatoes. how does today's soup compare to the usual recipe?

Answers: 2

continue

Mathematics, 21.06.2019 16:30, GalaxyWolf1895

An automated water dispenser fills packets with one liter of water on average, with a standard deviation of 5 milliliter. the manual says that after a year of operation the dispenser should be tested to see if it needs recalibration. a year later a number of filled packets are set aside and measured separately. it is found that the average packet now contains about 0.995 liters. does the dispenser need calibration? explain your answer.

Answers: 2

continue

Mathematics, 21.06.2019 16:30, chmereaustin1

An empty bucket is placed under a faucet dripping at a constant rate of 4 milliliters per minute. with the given information, which of these statements is a reasonable conclusion? a there will be 24 milliliters of water in the bucket after 16 hour. b there will be 60 milliliters of water in the bucket after 14 hour. c there will be 160 milliliters of water in the bucket after 20 minutes. d there will be 100 milliliters of water in the bucket after 40 minutes.

Answers: 1

continue

Mathematics, 21.06.2019 18:30, Greekfreak

To determine the number of deer in a forest a forest ranger tags 280 and releases them back

Answers: 3

continue

You know the right answer?

Chances: Risk and Odds in Everyday Life, by James Burke, reports that only 2.0% of all local franchi...