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3..3 roblem 3 Suppose that start-up companies in the area of biotechnology have a probability of 0.2 of becoming profitable, and those in the area

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roblem 3 Suppose that start-up companies in the area of biotechnology have a probability of 0.2 of becoming profitable, and those in the area of information technology have a probability of 0.85 of not being profitable. A venture capitalist invests in one firm o each type. Assume the companies function independently. What is the probability that a least one of the two companies become profitable? Next Page Page 3 of

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