Posted by **Hil-hellpp!** on Wednesday, February 16, 2011 at 12:11am.

Assume that the business makes a profit with probability

0.8 in the first year. For each year thereafter, the business makes a profit

with probability 0.8 if it made a profit in the previous year, and

with probability 0.2 if it did not make a profit in the previous year.

What is the probability that the business makes a profit in exactly

two of its first three years?

## Answer this Question

## Related Questions

- math - Assume that the business makes a profit with probability 0.3 in the first...
- math - carlas clothing shop opened eight years ago. the first year she made $3,...
- quantitative decision making - james and john invested ¥700 and ¥300 ...
- quantitative decision making - james and john invested ¥700 and ¥300 ...
- math - Asha, Nangila and Cherop contributed shilling 60,000,shilling 85,000 and ...
- Economics - 2. Lucy quits a $50,000 job to open her waffle business. She makes $...
- health care?business - I am doing a paper on not for profit and for profit ...
- math b50 - must answered in sequences/series formulas If the profit earned by a ...
- Marketing - Which of the following statements describes how price relates to ...
- grade 11 math - a market researcher predicted that the profit function for the ...