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    Hey guys i need some help with these questions. i appreciate all the help.

    6) There are three research and development projects focusing on the development of
    three new products A, B and C. The markets into which the new products are to be
    launched are identical. However, consumer preference is at present, unknown. A
    probability assessment has been undertaken by the Sales Director based upon a
    recent consumer survey. This has revealed that there is a probability that
    consumers will prefer Product A, a probability that consumers will prefer Product
    B and a probability that consumers will prefer Product C. If the company were to
    launch all three products simultaneously what is the probability that:
    (a) product A and product B will both be successful?
    (b) product A, B and C will all be successful?
    (c) no product will be successful?


    7) You and some of your friends from your course are putting on a charity event. Last
    year student groups raised a mean of £600 with a standard deviation of £120. You
    want to be in the top 10% of groups this year. Based on last year’s outcome, how
    much do you need to raise? Assume that the money raised followed a normal
    distribution, use a diagram, and show your working.
 
 
 
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