A venture capitalist invests in startup technology companies. She expects about 10% of these companies to be successful.

[answerhappygod]

A Venture Capitalist Invests In Startup Technology Companies She Expects About 10 Of These Companies To Be Successful 1 (103.03 KiB) Viewed 86 times

A venture capitalist invests in startup technology companies. She expects about 10% of these companies to be successful. Complete parts (a) through (c) below. ..... (a) What is the probability that she will have to invest in more than seven companies before she comes upon one that is successful? Be sure to state any assumptions that you make. The probability is (Round to four decimal places as needed.) What assumptions are required to find this probability? Select all that apply. DA. The rate of successes is constant over time. B. The rate of successes changes over time. C. Each company represents a Bernoulli trial. D. The probability of a company being successful depends on whether the previous company was successful. (b) Explain why a binomial random variable is not appropriate for calculating the answer to part (a). O A. The probability of a company being successful changes over time. OB. The selected trials make up more than 10% of the population. OC. The number of Bernoulli trials is not fixed. OD. The rate of successes is not constant over time. (c) How many companies should she expect to have to invest in before she comes upon one that is successful? (Hint: For 0