A company markets educational software products, and is ready to place three new products on the market Custom Essay

A company markets educational software products, and is ready to
place three new products on the market. Past experience has shown that for this
particular software, the chance of “success” is 80%. Assume that the
probability of success is independent for each product. What is the probability
that exactly 1 of the 3 products is successful?

Answer

0.80

0.032

0.24

0.096