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What is the average of the box

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A marketing consulting company stated that 80% of all new products introduced in grocery stores fail (are taken off the market) within 2 years. A large grocery store chain introduces 150 new products this year. What is the chance that between 77% and 84% of the products in the sample will fail within 2 years?

  • What is the average of the box?
  • What is the SD of the box

Reference no: EM132474139

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