Question: A small entrepreneurial company is trying to decid between developing two different products that they believe they can sell to wto potenital companies, one large,
A small entrepreneurial company is trying to decid between developing two different products that they believe they can sell to wto potenital companies, one large, and one small. If they develop Product A, they have a 50% chance of selling it to the large company with annual purchases of about 20,000 units. If the large company wont't purchse it, then they thing they have an 80% change of placing it with a smller company with sale fo 15,000 units. On the other hand if they develop product B they feel they have a 405 chance of selling it to the large company, resultin in annual slae of about 17,000 units if the large company doens't buy it they have a 50% chancne of selling to to the small company with sales of 20,000 units what is the probability that Product A will being purchase by the smaller company
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