A venture capitalist firm that specializes in funding risky high-technology startup companies has determined that only 1

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answerhappygod
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A venture capitalist firm that specializes in funding risky high-technology startup companies has determined that only 1

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A venture capitalist firm that specializes in funding risky
high-technology startup companies has determined that only 1 in 10
of its companies is a “success” that makes a substantive profit
within 6 years. Given this historical record, what is the
probability that:
27. The firm will have exactly one success in the next 3
startups it finances?
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