Question

Question 1 Not yet answered A business venture can result in the following outcomes (with their corresponding chance of occurring in parentheses): Highly Successful (20%), Successful (25%), Break Even (35%), Disappointing (10%), and Highly Disappointing (?). If these are the only outcomes possible for the business verire, what is the chance that the business venture will be considered Highly Disappointing? Marked out of 1.00 P Flag question Select one: o a. 20% O b. 25% o c. 10% d. 15%

Answer 1

Solution:

The correct option is C

Given that

Highly Successful (20%),
Successful (25%),
Break Even (35%),
Disappointing (10%)
Highly Disappointing (?)

The possible outcome of business venture is equal to 100%

20+25+35+10+x = 100
x = 100-90
x = 10

Highly Disappointing in a business venture is 10%