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It is known that 78% of all new products introduced in grocery stores fail are taken off the market within 2 years

 It is known that 78% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. If a grocery store chain introduces 65 new products, find the following probabilities. (Round your answers to four decimal places.)(a) within 2 years 47 or more fail  (b) within 2 years 58 or fewer fail  (c) within 2 years 15 or more succeed  (d) within 2 years fewer than 10 succeed 

(a)47 or more fail = 0.893384 (b) 58 or fewer fail = 0.994016 (c) 15 or more succeed 0.464984 d) fewer than 10 succeed 0.070119

Apr 23 2020 View more View Less

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