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Suppose That the Chance of Having Both a Favorable Survey

Question 6

Multiple Choice

Suppose that the chance of having both a favorable survey and an unsuccessful product launch is 0.2.In addition,the frequency of favorable market surveys for all new product launches is 0.5.Then the chance of a successful product launch given a favorable survey is:


A) 0.8
B) 0.5
C) 0.4
D) 0.6
E) 0.3

Correct Answer:

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