If a large competitor will buy a small firm, the firm's stock will rise with probability 0.85.

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If a large competitor will buy a small firm, the firm's stock will rise with probability 0.85. The purchase of the company has a 0.40 probability. What is the probability that the purchase will take place and the firm's stock will rise?

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Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

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Question Posted: Jun 03, 2015 04:40 AM

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If a large competitor will buy a small firm, the firm's stock will rise with probability 0.85.

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