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It is estimated that 70% of startups fail within the first three years. If you and four friends each try a startup, what is
It is estimated that 70% of startups fail within the first three years. If you and four friends each try a startup, what is the chance that the majority (3 people, 4 people or 5 people, out of 5) will be successful in 3 years time?
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To calculate the probability of the majority of the startups being successful we need to consider ea...
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