A Certain Type of New Business Succeeds 60% of the Time

Multiple Choice

A certain type of new business succeeds 60% of the time. Suppose that 3 such businesses open (where they do not compete with each other, so it is reasonable to believe that their relative successes would be independent) . Which of the following distributions would you use to figure out the probability that all of them will fail?

A) binomial distribution
B) uniform distribution
C) Poisson distribution
D) normal distribution