EasyprobabilityExpected ValueConditional Probability
Problem
A project has a 70% chance of succeeding in phase one. If it succeeds, it has a 40% chance of generating a high return. What is the overall probability of a high-return outcome?
Problem
A project has a 70% chance of succeeding in phase one. If it succeeds, it has a 40% chance of generating a high return. What is the overall probability of a high-return outcome?
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