Cyber Communications, Inc., has a new cell phone product under development in the research and development (R&D)

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Cyber Communications, Inc., has a new cell phone product under development in the research and development (R&D) lab. It will increase the megapixel capability of cell phone cameras to the 12+ range. The head of R&D made a presentation to the company CEO stating that the probability the company will earn a profit in excess of $20 million next year is 80%. What was the method used to make this probability assessment?

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Business Statistics A Decision Making Approach

ISBN: 9780134496498

10th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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