Posted by **penelope** on Friday, July 12, 2013 at 6:16pm.

Please help, I would appreciate an explanation on how you got the answer so I can understand it, being that I am so confused.

The Denver Post stated that 80% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. A grocery store chain introduces 66 new products this year. What is the chance that more than 75% of these new products fail within 2 years?

1.Average?

2.SD?

3.The number of draws?

4. expected value of the percentage (EV%):

5.Enter the standard error of the percentage (SE%).

6.Enter the chance more than 75% of the new products introduced this year will fail within 2 years. Round to the nearest whole number.

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