Let's say that 80% of all business startups in the IT industry report that they generate a profit in their first year. If a sample of 10 new IT business startups is selected, answer the following questions accordingly. Let X represent the number of startups that generate a profit in the first year in the given sample. a. What kind of distribution does X follow? It follows a symmetrical distribution b. Justify that X follows this distribution. Give me all the reasons why it follows that distributions. c. Compute the probability that exactly 7 startups will generate a profit next year.

Let's say that 80% of all business startups in the IT industry report that they generate a profit in their first year. If a sample of 10 new IT business startups is selected, answer the following questions accordingly. Let X represent the number of startups that generate a profit in the first year in the given sample. a. What kind of distribution does X follow? It follows a symmetrical distribution b. Justify that X follows this distribution. Give me all the reasons why it follows that distributions. c. Compute the probability that exactly 7 startups will generate a profit next year.

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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