A venture capitalist firm that specializes in funding risky high-technology startup companies has determined that only 1
Posted: Wed Dec 15, 2021 10:41 am
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?
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?