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October 23, 2014

Homework Help: statistics

Posted by troy on Friday, October 21, 2011 at 3:06pm.

It is known that 77% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 62 new products, find the following probabilities. (Round your answers to four decimal places.)

(d) within 2 years fewer than 10 succeed

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