A company markets educational software products and is ready to place three new products on the market. Past experience has shown that for this particular software, the chance of "success" is 80%
Assume that the probability of success is independent for each product. What is the probability that exactly 1 of the 3 products is successful?
A) 0.80
B) 0.032
C) 0.24
D) 0.096
Answer: D
You might also like to view...
Because the key to success in business is obtaining and keeping customers, the most crucial form of competition is generally ________ competition, in which competition occurs for the same customers
A) product form B) product category C) generic D) budget
Which of the following best defines the Excelsior list?
A) It is a list of the names and addresses of all employees running for office in a union election. B) It is a list of the various industries covered under the National Labor Relations Act. C) It is a list of the names and addresses of all employers in a state. D) It is a list of the names and addresses of all employees eligible to vote in a union election.