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Data produced by the US Bureau of Labor Statistics has shown that 28% of all new business establishments fail within the first two years. Suppose
Data produced by the US Bureau of Labor Statistics has shown that 28% of all new business establishments fail within the first two years. Suppose 6 business establishments that were newly established within the past two years are randomly selected and they are independent of each other. Calculate the probability that none of the businesses have failed. (Round your final answer to 3 decimal places
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