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Each year there is a 5% chance of expanding operations, what…

Each year there is...

Each year there is a 5% chance of expanding operations, what is the percentage over five years that business will expand?

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Each year there is a 5% chance of expanding operations, what is the percentage over five years that business will expand?

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10/15/2017
GLENN GILONGOS
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Answer:
.

.

= 1 - 0.95^5

= 0.226219062

.

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