Revisit the situation first described in Develop Your Skills 4.3, Exercise 13 (page 176). A software company

Question:

Revisit the situation first described in Develop Your Skills 4.3, Exercise 13 (page 176). A software company is about to release three new software programs, one from each of threevery distinct business divisions. The first program is a new game aimed at 15- to 25-year-olds.Its probability of succeed ing is estimated to be 0.34. The second program is an accounting application for small business. Its probability of succeeding is estimated to be 0.12. The third program is a payroll system designed for government organizations. Its probability of succeeding is 0.10. Define x as the number of the three new software programs that are a success for this company. Build the associated probability (you should have already calculated some of the probabilities).
What is the expected number of successes? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...