Multiple Choice
A company is facing a .45 probability that a competitive product may enter the market at the same time as their own product launch. This would cut their projected demand in half. The company estimates a .35 high market acceptance for that type of product, .45 for medium acceptance. What is the probability of the company's worst possible outcome?
A) 45%
B) 20%
C) 13%
D) 9%
E) 5%
Correct Answer:
Verified
Correct Answer:
Verified
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