Assignment:
The probability that a new product will be successful if a competitor does not come up with a similar product is 0.67. The probability that the new product will be successful in the presence of a competitor’s new product is 0.42. The probability that the competing firm will come out with a new product during the period in question is 0.35. What is the probability that the product will be a success?
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.