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A venture capitalist invests in startup technology companies. She expects about 55​% of these companies to...

A venture capitalist invests in startup technology companies. She expects about

55​%

of these companies to be successful. Complete parts​ (a) through​ (c) below.

​(a) What is the probability that she will have to invest in more than

threethree

companies before she comes upon one that is​ successful? Be sure to state any assumptions that you make.The probability is

nothing.

​(Round to four decimal places as​ needed.)

math   Statistics-And-Probability   
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Answer #1

rom that given data Venture capitalist- invests in Stort up technole congani S.i. ese She expects about 55% of -these companies to be uccessful The prbabilitg of Compry , successful is P=55 % P 55 x IOO P 0.55 Let x be the random variable. Х is the number of Companies in uohich a venture Invests getting a Successful one. Xv éiepmetyic CP 0.55) The prokabitil that She voill have to inyest in more than 3 Companies before one. that is Successful. is she comes upon +11-05520.55 + Class) xt-o.55+ 30050 PCX>3) О.out ll ASSumptiono- 1. Each ohservation -falls into one of too Categories- Stccess ar) failure 2. -Te Probability of Success s the same 3. observatiens are ihdependent. each obseavatien

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