3. What is the probability that at least 5 fail? P(r 2 + probability only) Click to view hint 4. What is the probability that all will will fail? P(r 6. .016 %3D probability only.) Click to view hint 5. What is the probability that no more than 4 will fail? P(r s + 4. the probability only ) Click to view hint

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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How do I figure out the two blank questions 

Use the binomial distribution chart (opens in a new window) to find the probabilities.
According to Inc.com, there is a 50% chance of a new business failing within the first five years. (Take
note! This is one of those cases in which a "success" doesn't seem like what we think of as a success at
all. In this case, we want to calculate probabilities regarding a business failing, so that is the "success"
we are referring to.)
If a random group of 6 businesses are selected,
1. What is the probability that exactly 2 businesses will fail in the first 5 years? P(r
%3D
234
(Enter the probability only.) Click to view hint
2. What is the probability that none will will fail? P(r
0.
.016
(Enter the
probability only.) Click to view hint
3. What is the probability that at least 5 fail? P(r 2 +
(Enter the
probability only) Click to view hint
4. What is the probability that all will will fail? P(r =
6.
(Enter the
016
probability only.) Click to view hint
5. What is the probability that no more than 4 will fail? P(r s
%3D
(Enter
the probability only.) Click to view hint
2.
4.
5.
Transcribed Image Text:Use the binomial distribution chart (opens in a new window) to find the probabilities. According to Inc.com, there is a 50% chance of a new business failing within the first five years. (Take note! This is one of those cases in which a "success" doesn't seem like what we think of as a success at all. In this case, we want to calculate probabilities regarding a business failing, so that is the "success" we are referring to.) If a random group of 6 businesses are selected, 1. What is the probability that exactly 2 businesses will fail in the first 5 years? P(r %3D 234 (Enter the probability only.) Click to view hint 2. What is the probability that none will will fail? P(r 0. .016 (Enter the probability only.) Click to view hint 3. What is the probability that at least 5 fail? P(r 2 + (Enter the probability only) Click to view hint 4. What is the probability that all will will fail? P(r = 6. (Enter the 016 probability only.) Click to view hint 5. What is the probability that no more than 4 will fail? P(r s %3D (Enter the probability only.) Click to view hint 2. 4. 5.
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