Mathematics, 06.06.2020 18:00 recon12759

Chances: Risk and Odds in Everyday Life, by James Burke, reports that only 2.0% of all local franchises are business failures. A Colorado Springs shopping complex has 129 franchises (restaurants, print shops, convenience stores, hair salons, etc.).what is n? What is p? What is λ (rounded to the nearest tenth)? (a) What is the probability that none of the franchises will be a business failure? (Use 4 decimal places.) (b) What is the probability that two or more franchises will be a business failure? (Use 4 decimal places.) (c) What is the probability that four or more franchises will be a business failure? (Use 4 decimal places.)

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Chances: Risk and Odds in Everyday Life, by James Burke, reports that only 2.0% of all local franchi...

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