Answer:
<u>The probability that both companies become profitable is 0.03 or 3%.</u>
Step-by-step explanation:
1. Let's review the information given to us to answer the question correctly:
Probability of biotechnology start-up company of becoming profitable = 0.2
Probability of information technology start-up company of becoming profitable = 0.15
2. Assume the companies function independently What is the probability that both companies become profitable?
We will answer this question, assuming these are independent events, this way:
Probability that both companies become profitable = Probability of biotechnology start-up company of becoming profitable * Probability of information technology start-up company of becoming profitable
Replacing with the values given, we have:
Probability that both companies become profitable = 0.2 * 0.15 = 0.03
<u>The probability that both companies become profitable is 0.03 or 3%.</u>
Answer:
≥ closed dot
< open dot
≤ less than or equal to closed dot
There are the missing blanks
Answer:
$2.08
Step-by-step explanation:
2 7/8= 23/8 divided 1.38
