Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that the probability of a small business failing in 2021 is 0.25. That means that the odds of a business actually succeeding is a.

Suppose that the probability of a small business failing in 2021 is 0.25. That means that the odds of a business actually succeeding is

a.

None of the suggested answers are correct.

b.

3 to 1.

c.

At most 3 to 1.

d.

At least 1 to 3.

e.

1 to 3.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting for the Hospitality Industry

Authors: Lea R. Dopson, David K. Hayes

2nd edition

978-1-119-2996, 1119299659, 978-1119386223

More Books

Students also viewed these Accounting questions

Question

=+a) Is this an experiment or an observational study? Explain.

Answered: 1 week ago