What is probability that neither company become profitable

Reference no: EM131009142

1. Suppose that start-up companies in the area of biotechnology have probability 0.2 of becoming profitable and that those in the area of information technology have probability 0.15 of becoming profitable. A venture capitalist invests in one firm of each type. Assume the companies function independently.

a. What is the probability that both companies become profitable?

b. What is the probability that neither company become profitable?

c. What is the probability that at least one of the two companies become profitable?

Reference no: EM131009142

Questions Cloud

What do you mean by typical operational hr functions : What do you mean by typical operational HR functions ? Discuss in detail.

What are two things that were learned about collaboratives : What will be the shift in the role of information system personnel, such as the health information staff and the information systems staff, in the continuous quality improvement area? What are two things that were learned about collaboratives

Interculturalmanagement message board : Every day we see more and more impact locally from internationalbusiness decisions. In your community, how do you see one or more of theinternational business strategies of franchising, management contracts, ande-business changing how local businesse..

Leadership and management : What is the fundamental difference between "leadership" and "management"? Relate both of these concepts to the Respiratory therapy department.

What is probability that neither company become profitable : A venture capitalist invests in one firm of each type. Assume the companies function independently. What is the probability that both companies become profitable?

Problem regarding the online shopping : Several studies have found that the frequency with which shoppers browse Internet retailers is related to the frequency with which they actually purchase products and/or services online. Here are data showing the age of respondents and their answe..

Strategic management book : Read Attachment and summarized the points that interest you. List out your understanding and comments. The paper introduces an integrative view of diversification of scope and global expansion, which are covered by Chapters 7 and 8 in Strategic Man..

What is the probability that it is conforming : A system consists of four components connected as shown in the following diagram: If the wafer is from Lot A, what is the probability that it is conforming?

Regression to predict the sales per person : In Exercise 9 we saw a regression to predict the sales per person at a movie theater in terms of the time (in min- utes) before the show. The model was:

User Account

All Pages