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A mineral exploration firm is formed with enough capital to finance 9 ventures
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A mineral exploration firm is formed with enough capital to finance 9 ventures.
The probability of any exploration being successful is 0.72. Assume that each exploration is
independent of the others. What are the firm's chances of:
a. exactly 3 successful explorations?
b. at least one successful exploration?
c. zero successes in the 9 ventures?
d. If the firm is successful in only 2 of the 9 ventures, what would you conclude about the
veracity of the overall success rate being touted as 0.72?
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[Solved] A mineral exploration firm is formed with enough capital to finance 9 ventures
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- Submitted On 20 Jul, 2020 06:02:14
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