The success of a temperamental entrepreneur heavily depends on the outcome of the previous deal. If the previous deal was successful, then the probability of success of the current deal is 3/4. When the previous deal was unsuccessful, the probability that the current deal will be successful 1/4. Suppose the probability of a successful deal at the selected moment is 0,5. Calculate the probability that out of three sequent deals: a. all three are successful; b. none are successful; c. at least two are successful.

The success of a temperamental entrepreneur heavily depends on the outcome of the previous deal. If the previous deal was successful, then the probability of success of the current deal is 3/4. When the previous deal was unsuccessful, the probability that the current deal will be successful 1/4. Suppose the probability of a successful deal at the selected moment is 0,5. Calculate the probability that out of three sequent deals: a. all three are successful; b. none are successful; c. at least two are successful.

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A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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