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7) A company is facing a .35 probability that a competitive product may enter the market at the same time as their own product launch.

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7) A company is facing a .35 probability that a competitive product may enter the market at the same time as their own product launch. This would cut their projected demand in half. The company estimates a .15 high market acceptance for that type of product, .55 for medium acceptance. What is the probability of the company's worst possible outcome

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