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Mathematics, 26.10.2021 09:30 akatherine1738
Suppose that start-up companies in the area of biotechnology have probability 0.77 of becoming profitable, and that those in the area of information technology have probability 0.2 of becoming profitable. A venture capitalist invests in one firm of each type. Assume the companies function independently. What is the probability that both companies become profitable? Express your answer with 3 decimal points.
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Suppose that start-up companies in the area of biotechnology have probability 0.77 of becoming profi...
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