A prescription drug manufacturer claims that only 10% of all new drugs that are shown to be effectiv
Question: A prescription drug manufacturer claims that only 10% of all new drugs that are shown to be effective in animal tests ever pass through all the additional testing required to be marketed. The manufacturer currently has eight new drugs that have been shown to be effective in animal tests and they await further testing and approval.
a) Find the probability that none of the eight drugs is marketed.
b) Find the probability that a least two are marketed.
c) Find the expected number of marketed drugs among the eight.
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Deliverables: Word Document
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