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10. An investment company found that on the average 2 percent of all the ventures they embark on, in a season normally result to failure.
10. An investment company found that on the average 2 percent of all the ventures they embark on, in a season normally result to failure. Recently, the company embarks on 200 ventures, determine the probability that (a) Two or more of the ventures will result to a failure. (b) Exactly 8 of the ventures will result to a failure. (c) Less than 4 of the ventures will result to failure. (d) Determine the expected number of failed ventures
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