The managers of a company are considering the launch of a new product and they are currently awaiting the results of a market research study. It is thought that there is a 0.6 probability that the market research will indicate that sales of the product in its first three years will be high. If this indication is received, then the probability that sales will be high is thought to be 0.8. What is the probability that the market research will indicate high sales and sales will turn out to be high?

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