A prescription drug firm claims that only 12% of all new drugs shown to be effective in animal tests
Question: A prescription drug firm claims that only 12% of all new drugs shown to be effective in animal tests ever make it through a clinical testing program and onto the market. If a firm has 15 new compounds that have shown effectiveness in animal tests, find the following probabilities:
a) none reach the market
b) One or more reach the market
c) Two or more reach the market
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Answer: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
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