Question: Beta which competes with Alpha is also searching for rare earth metals and has also identified two potential sites. They believe that the probability of
Beta which competes with Alpha is also searching for rare earth
metals and has also identified two potential sites. They believe that the probability of success in each site is and respectively. Further, the chances of success at each site are independent of each other. You want to invest the one of these firms. Your criteria is that you will invest in the firm that the highest probability of at least one success. Which firm will you invest in
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