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Got an exam on monday in statistics. A group of three of us are studying and starting to burn out.
Here's a question we need help with. +K for answer
According to one estimate, only 13% of Canadian start up businesses survive their first year. What is the probably that at least one among 10 recent start of businesses will survive their first year?
a).2484
b).3172
c).7516
d).999
Our current guess in answer D just based on the likelyhood of at least one business surviving when 13/100 are estimated to survive.
