Grocery Stores: New Products The Denver Post stated that

Chapter , Problem 9

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Grocery Stores: New Products 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 2 years (a) 47 or more fail? (b) 58 or fewer fail? (c) 15 or more succeed? (d) fewer than 10 succeed?

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