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The rate of failure for Metro west startups is only 65%. Assume ten startups are selected and studied during their first year. Use this information

  1. The rate of failure for Metro west startups is only 65%. Assume ten startups are selected and studied during their first year. Use this information to answer the following. (10%)

  • What is the probability that no more than three metro west startups fail?
  • What is the variance of the distribution?
  • What is the probability that at least eight metro west startups fail?
  • If 36 startups were selected, what is the probability that at least 19 of them fail?

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