(See Solution) A corporate executive officer is attempting to arrange a meeting of his three vice presidents for tomorrow morning. He believes that each of
Question: A corporate executive officer is attempting to arrange a meeting of his three vice presidents for tomorrow morning. He believes that each of these three busy individuals, independently of the others, has about a 60% chance of being able to attend the meeting.
- What is the probability that none of the three vice presidents can attend the meeting?
- If the meeting will be held tomorrow morning only if everyone can attend, what is the probability that the meeting will take place at that time?
- How many of the vice presidents should the CEO expect to be available for tomorrow morning’s meeting? [Hint: Apply the concept of expected value.]
Deliverable: Word Document 
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