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Question: You feel that the schedule is reasonable provided the new manager can be hired in time, but the situation is risky regardless. You figure there is a 70% chance of hiring the new manager in time. If the new manager is hired in time, the chances for success are 80%; however, if the new manager cannot be hired in time, the chances for success are only 40%. Find the probability of success.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92633658

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