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Mathematics, 18.03.2021 01:50 waltzcampbell

Suppose that a person who has recently helped start a company for the first time is randomly selected. The probability that the company will fail within 2 years is 0.3. Suppose we follow 14 start-ups (98 people) for 2 years and record the number of people whose company failed. Why is the binomial model inappropriate for finding the probability that at least 42 of these 98 people

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