Homework help on maths
Okay, the ABR company has decided to laugh 3 new products, X,Y and Z. A survey has releaved that 1/2 of people would prefer product X, 1/3 of people would prefer product Y and 1/4 of people would prefer Z. What is the probability that product X and Y will be successful? And whats the probability that all 3 of these products will be successful?
Can you explain this to me thanks
Can you explain this to me thanks
Original post by bcrazy
Not enough information here- what does it mean for a product to be successful. And if these preference probabilities are over the other 2 choices then it doesn't make sense because they add up to more than 1.
i know they add to more than one thats why its confusing. They said the products are launch simultaneously
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