Assignment:
In a takeover bid for a certain company, management of the raiding firm believes that the takeover has a 0.65 probability of success if a member of the board of the raided firm resigns, and a 0.30 chance of success if she does not resign. Management of the raiding firm further believes that the chances for a resignation of the member in question are 0.70. What is the probability of a successful takeover?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.