Multiple Choice
A firm wants to launch a new luxury product only if demand for the product is strong.The probability that demand is strong is estimated to be 0.6.With a perfect market survey,what is the probability that the test will show that demand is strong?
A) 0.6
B) 0.4
C) 0.24
D) 0.5
E) 0.2
Correct Answer:
Verified
Correct Answer:
Verified
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