"Suppose that start-up companies in the area of biotechnology have probability 0.79 of becomingprofitable, and that those in the area of information technology have probability 0.2 of becomingprofitable. A venture capitalist invests in one firm of each type. Assume the companies functionindependently. What is the probability that both companies become profitable? Express youranswer with 3 decimal points."

Here the given information is "Suppose that start-up companies in the area of biotechnology have…

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A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Similar questions

A software engineer receives a notification anytime a customer sends a crash report. Suppose the software crashes 2% of the time and there are 80 customers who use the software daily. What is the probability that the software engineer receives zero crash reports on any given day?
A place kicker in pro foot ball has a 77% probability of making a field goal over 40 yd and each attempted field goal is independent if the kicker made his 1st two but missed his 3rd attempt and is now trying for his 4th field goal of the game to win in overtime what is the probability that his team will win the game
According to TMUSS Quarterly (Totally Made-Up Sports Statistics) April 2017, the probability that the Tampa Bay Buccaneers defense will have 3 or more sacks in the game is 0.07. The probability that the Bucs will both score a touchdown on their opening drive and have 3 or more sacks in the game is 0.34. The is the probability that they will either score a touchdown on the opening drive or have 3 or more sacks in the game is 0.20. What is the probability that the Bucs will score a touchdown on their first drive? Answer in decimal form. Round to two decimal places as needed.
According to TMUSS Quarterly (Totally Made-Up Sports Statistics) April 2017, the probability that the Tampa Bay Buccaneers defense will have 3 or more sacks in the game is 0.05. The probability that the Bucs will both score a touchdown on their opening drive and have 3 or more sacks in the game is 0.25. The is the probability that they will either score a touchdown on the opening drive or have 3 or more sacks in the game is 0.25. What is the probability that the Bucs will score a touchdown on their first drive? Answer in decimal form. Round to two decimal places as needed. Your Answer:
A survey found that 40% of Dynamic Housing’s potential customers viewed the single-family house virtual tours and of those that viewed the virtual tours 3% leased a single-family house. What is the probability that a potential customer will view the virtual tour and lease a single-family house.
A manufacturer makes two models of an item: model I, which accounts for 75% of unit sales, and model II, which accounts for 25% of unit sales. Because of defects, the manufacturer has to replace (or exchange) 5% of its model I and 10% of its model II. If a model is selected at random, find the probability that it will be defective. Please round the final answer to 2 or 3 decimal places. P(detective)=
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