Question: Based on historical data, it is estimated that 12% of new products will obtain a profitable market share. However, if two products are newly introduced

Based on historical data, it is estimated that 12% of new products will obtain a profitable market share. However, if two products are newly introduced in the same year, there is only a 5% chance of both products becoming profitable. A company is planning to market two new products, 1 and 2, this coming year. What is the probability of
(a) Only product 1 becoming profitable?
(b) Only product 2 becoming profitable?
(c) At least one of the products becoming profitable?
(d) Neither product becoming profitable?
(e) Either product 1 or product 2 (but not both) becoming profitable?
(f) Product 2 becoming profitable if product 1 is found to be profitable?

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