Posted by **lola** on Friday, March 23, 2012 at 11:33am.

The Denver Post stated that 80% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery chain introduces 66 new products, what is the probability that within 2 years , 7 or more fail? What is the probability that within 2 years , 58 or fewer fail?

What is the probability that 15 or more succeed?

What is the probability that fewer than 10 succeed?

## Answer This Question

## Related Questions

- College stats - Please help, I would appreciate an explanation on how you got ...
- statistics, find the probability - It is known that 77% of all new products ...
- statistics - It is known that 77% of all new products introduced in grocery ...
- Business law - Grocery, Inc., is a retail grocery store chain based in Any State...
- statistics - A company markets educational software products, and is ready to ...
- Economics - Grocery stores and gasoline stations in a large city would appear to...
- Statistics Emergency please - People end up tossing 12% of what they buy at the ...
- Math - Based on past studies, a car manufacturer has found that 83% of new car ...
- Statistics - People end up tossing 12% of what they buy at the grocery store (...
- statistics - People end up tossing 12% of what they buy at the grocery store (...

More Related Questions