Homework answers / question archive / In economics, of all new products put on the market, 60% failed and are taken off the market within 2 years

In economics, of all new products put on the market, 60% failed and are taken off the market within 2 years

Statistics

Share With

In economics, of all new products put on the market, 60% failed and are taken off the market within 2 years. Suppose a store introduces 80 new products. What is the probability that within 2 years at least 56 will fail?