Assume that the business makes a profit with probability 0.4 in the first year. For each year thereafter, the business makes a profit with probability 0.6 if it made a profit in the previous year, and with probability 0.2 if it did not make a profit in the previous year. What is the probability that the business makes a profit in exactly two of its first three years?

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Assume that the business makes a profit with probability 0.4 in the first year. For each year thereafter, the business makes a profit with probability 0.6 if it made a profit in the previous year, and with probability 0.2 if it did not make a profit in the previous year. What is the probability that the business makes a profit in exactly two of its first three years?

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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if you know how go for it @Redneckk__Lifee
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Best Answer: 3 sequences of profit (P : PPx: 0.2*0.7*0.3 = .042 PxP: 0.2*0.3*0.4 = .024 xPP: 0.8*0.4*0.7 = .224 add to get ans of 0.29 <---------

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