Concept explainers
Internet Investments in the 1990s The following excerpt is from an article in The New York Times in July 1999:35
While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing—and there are plenty that do not—2 will be stock market successes, which means spectacular profits for early investors;
3 will be sold to other concerns, which translates into more modest profits; and the rest will fail.
a. What is a sample space for the scenario?
b. Write down the associated probability distribution.
c. What is the probability that a start-up venture that receives financing will realize profits for early investors?
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Finite Mathematics and Applied Calculus (MindTap Course List)
- Calculus For The Life SciencesCalculusISBN:9780321964038Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.Publisher:Pearson Addison Wesley,