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The Denver Post stated that 80% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a
The Denver Post stated that 80% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 66 new products, what is the probability that within two years A) 47 or more fail? (0.9738) B) 58 or fewer fail? (0.9599) C) 15 or more succeed? (0.3446) D) Fewer than 10 succeed?
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