It is known that 83% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 67 new products, find the following...


It is known that 83% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 67 new products, find the following probabilities. (Round your answers to four decimal places.)


(a) within 2 years 47 or more fail


(b) within 2 years 58 or fewer fail


(c) within 2 years 15 or more succeed



Jun 03, 2022
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