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Alexxx [7]
3 years ago
9

Suppose that start-up companies in the area of biotechnology have probability 0.2 of becoming profitable, and that those in the

area of information technology have probability 0.15 of becoming profitable. A venture capitalist invests in one firm of each type. Assume the companies function independently What is the probability that both companies become profitable?
Mathematics
1 answer:
Aleks04 [339]3 years ago
6 0

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>

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Answer:

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Step-by-step explanation:

<u>Simplify</u>

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8 0
3 years ago
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Step-by-step explanation:

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Can someone help me with this algebra question? I don’t get it :( and I’m not tryna fail
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if f(x)=3x-1 and g(x)=2x+5 then

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2 years ago
Which function is a horizontal compression of its parent function f(x)=x^7 by a factor of 4
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r(x)=(4x)^7


Step-by-step explanation:

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For example,

If we wanted to <u>horizontally compress</u> y=x^2, we would multiply by 4 to get y=(4x)^2, and

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