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The following excerpt is from an article in The New York Times in July 1999. While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing-and there are plenty that do not-2 will be stock market successes, which means spectacular profits for early investors; 3 will be sold to other concerns, which translates into more modest profits; and the rest will fail. (a) What is a sample space for the scenario? OS (2, 3, the rest) OS- (Web entrepreneurs, Venture capitalists, Ventures) OS- (Web entrepreneurs, Venture capitalists, Internet start-up companies) OS (10, 2, 3) OS (Stock market success, Sold to other concerns, Fail) (b) Write down the associated probability distribution. Outcome first entry of S second entry of Sthird entry of S Probability (c) What is the probability that a start-up venture that receives financing will realize profits for early investors?

The following excerpt is from an article in The New York Times in July 1999. While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing-and there are plenty that do not-2 will be stock market successes, which means spectacular profits for early investors; 3 will be sold to other concerns, which translates into more modest profits; and the rest will fail. (a) What is a sample space for the scenario? OS (2, 3, the rest) OS- (Web entrepreneurs, Venture capitalists, Ventures) OS- (Web entrepreneurs, Venture capitalists, Internet start-up companies) OS (10, 2, 3) OS (Stock market success, Sold to other concerns, Fail) (b) Write down the associated probability distribution. Outcome first entry of S second entry of Sthird entry of S Probability (c) What is the probability that a start-up venture that receives financing will realize profits for early investors?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Finite Math - Probability & Probability Models

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The following excerpt is from an article in The New York Times in July 1999.† While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing-and there are plenty that do not-2 will be stock market successes, which means spectacular profits for early investors; 3 will be sold to other concerns, which translates into more modest profits; and the rest will fail. (a) What is a sample space for the scenario? OS (2, 3, the rest} O S = {Web entrepreneurs, Venture capitalists, Ventures} O S = {Web entrepreneurs, Venture capitalists, Internet start-up companies} OS (10, 2, 3} O S = {Stock market success, Sold to other concerns, Fail} (b) Write down the associated probability distribution. Outcome first entry of S second entry of S third entry of S Probability (c) What is the probability that a start-up venture that receives financing will realize profits for early investors?
Transcribed Image Text:The following excerpt is from an article in The New York Times in July 1999.† While statistics are not available for web entrepreneurs who fail, the venture capitalists that finance such Internet start-up companies have a rule of thumb. For every 10 ventures that receive financing-and there are plenty that do not-2 will be stock market successes, which means spectacular profits for early investors; 3 will be sold to other concerns, which translates into more modest profits; and the rest will fail. (a) What is a sample space for the scenario? OS (2, 3, the rest} O S = {Web entrepreneurs, Venture capitalists, Ventures} O S = {Web entrepreneurs, Venture capitalists, Internet start-up companies} OS (10, 2, 3} O S = {Stock market success, Sold to other concerns, Fail} (b) Write down the associated probability distribution. Outcome first entry of S second entry of S third entry of S Probability (c) What is the probability that a start-up venture that receives financing will realize profits for early investors?
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