A certain type of new business succeeds 60% of the time.Suppose that 3 such businesses open
(where they do not compete with each other, so it is reasonable to believe that their relative
Successes would be independent).Which of the following distributions would you use to
Determine the probability that all of them will fail?
A) Binomial distribution.
B) Poisson distribution.
C) Normal distribution.
D) Hypergeometric distribution.

Question

Quizplus · Accepted Answer

The binomial distribution is appropriate here because it models the number of successes (or failures) in a fixed number of independent trials, each with the same probability of success.

A Certain Type of New Business Succeeds 60% of the Time.Suppose