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Suppose That the Chance of Having Both a Favorable Survey

Question 40

Multiple Choice

Suppose that the chance of having both a favorable survey and a successful product launch is .3. In addition, the frequency of favorable market surveys for all new product launches is .5. Then the chance of a successful product launch given a favorable survey is:


A) .8
B) .5
C) .4
D) .6
E) .3

Correct Answer:

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