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You have the capital to invest in 2 of 4 ventures, each of which requires the same amt. of investment capital. Unknown to you,
You have the capital to invest in 2 of 4 ventures, each of which requires the same amt. of investment capital. Unknown to you, 3 ventures will eventually fail and 1 will be successful. If you do not do research and select 2 ventures at random, what is the probability that you would select 1 successful venture? First, what number to plug in N? p(x)= 1 02 0 3 04 r)(N-r) n-x N [(M) n
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