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 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