DO NOT WORK A company is considering producing two new electronic games designed

Question

DO NOT WORK 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?

Explanation / Answer

If both of the products are completely independence with each other, the probability of both game success in market is

= 60% * 40%

= 24%

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