Is this part of a "bigger" question or it is the complete question?Question - There is a 24.39% chance a company sells out this year. What is the probability the company sells out 3 years in a row? I thought it was just the .2439*.2439*.2439, but I got the answer wrong. Any thoughts? Thanks!
Given only what you supplied us with I would say that you got the correct answer. As Khan suggested you did not give us the whole problem.Question - There is a 24.39% chance a company sells out this year. What is the probability the company sells out 3 years in a row? I thought it was just the .2439*.2439*.2439, but I got the answer wrong. Any thoughts? Thanks!