Question 2 (2 points) A company is considering producing two new electronic game

Question

Question 2 (2 points)

A company is considering producing two new electronic games designed for the popular Gameboy toy. Based on market data, management believes there is a 60 percent chance that a “cops and robbers” game will be successful and a 40 percent chance that a “let's play house” game will be successful. As these products are completely different, it may be assumed that the success of one is totally independent of the success of the other. If two products are introduced to the market, what is the probability that both are successful?

Question 2 options:

0.60

0.24

0.12

0.36

None of the above

0.60

0.24

0.12

0.36

None of the above

Explanation / Answer

If two event A and event B both are independent of each other

Therefore p( A and B) = p(A)*p(B)

=0.60*0.40

=0.24 is the answer

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