Answered step by step
Verified Expert Solution
Question
1 Approved Answer
b ) A survey conducted in a country revealed that 7 0 % of the IT businesses generated a profit within 5 years of start.
b A survey conducted in a country revealed that of the IT businesses generated a profit within
years of start. A sample of IT businesses were taken. Find the probability that exactly will generate
a profit in the first year.
c A company conducted tests on charging times of various smart phones. It is reported that a phone will
work before it needs charging is normally distributed with a mean of hours and a standard deviation of
hours. Find the probability that a randomly selected smart phone will need charging after hours.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started