Answered: If she calls 10 investors, what is the…

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If she calls 10 investors, what is the probability that at least 2 will be interested to invest in her new technology?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.8: Probabilities Of Disjoint And Overlapping Events

Problem 2C

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Question

A capital firm has a list of potential investors who have previously invested in new technologies. On average, each investor invests in 11.18% of the technologies presented to them. An entrepreneur decides to call potential investors. If she calls 10 investors, what is the probability that at least 2 will be interested to invest in her new technology? [Hint: P(at least 2 interested) = 1 - P(0 interested) - P(1 interested)]

Note:

1- Round any intermediate numbers to 4 decimal places.
2- Round final answer to 2 decimal places.
3- Report final answer as a probability (between 0 and 1).

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