Question: After meeting with the regional sales managers Lauretta Anderson president

After meeting with the regional sales managers, Lauretta Anderson, president of Cowpie Computers, Inc., you find that she believes that the probability that sales will grow by 10% in the next year is 0.70. After coming to this conclusion, she receives a report that John Cadariu of Minihard Software, Inc., has just announced a new operating system that will be available for customers in 8 months. From past history she knows that in situations where growth has eventually occurred, new operating systems have been announced 30% of the time.
However, in situations where growth has not eventually occurred, new operating systems have been announced 10% of the time. Based on all these facts, what is the probability that sales will grow by 10%?



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  • CreatedJuly 07, 2015
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