The following excerpt is from an article in The New York Times in July 1999.T 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? O S = (2, 3, the rest} OS (Web entrepreneurs, Venture capitalists, Ventures} S = {Web entrepreneurs, Venture capitalists, Internet start-up companies) OS (10, 2, 3) ⒸS (Stock market success, Sold to other concerns, Fail} (b) Write down the associated probability distribution. Outcome first entry of S Probability 0.2 ✔ second entry of S 0.3 ✓ third entry of S 0.5 ✓ (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.T 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? O S = (2, 3, the rest} OS (Web entrepreneurs, Venture capitalists, Ventures} S = {Web entrepreneurs, Venture capitalists, Internet start-up companies) OS (10, 2, 3) ⒸS (Stock market success, Sold to other concerns, Fail} (b) Write down the associated probability distribution. Outcome first entry of S Probability 0.2 ✔ second entry of S 0.3 ✓ third entry of S 0.5 ✓ (c) What is the probability that a start-up venture that receives financing will realize profits for early investors?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.7: Probability

Problem 60SE: Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the...

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Finite Math - Probability & Probability Models

Can you please solve this without technology and show the step-by-step process?

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
Probability 0.2
second entry of S
0.3
third entry of S
0.5
(c) What is the probability that a start-up venture that receives financing will realize profits for early investors?

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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? S = {Web entrepreneurs, Venture capitalists, Internet start-up companies S = {Web entrepreneurs, Venture capitalists, Ventures} S = {2, 3, the rest} S = {10, 2, 3} o S = {Stock market success, Sold to other concerns, Fail} Great job! (b) Write down the associated probability first entry of S Outcome Probability 2/10 stribution. Good job. 3/10 second entry of S Good job! 5/10 third entry of S Excellent! (c) What is the probability that a start-up…
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