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A business venture can result in the following outcomes (with their probabilities in parentheses): Highly Successful (10%), Successful (25%), Break Even (25%), Disappointing (20%), and
A business venture can result in the following outcomes (with their probabilities in parentheses): Highly Successful (10%), Successful (25%), Break Even (25%), Disappointing (20%), and Highly Disappointing (unknown). If these are the only outcomes possible for the business venture, what is the chance that the business venture will be considered Highly Disappointing?
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Physical Chemistry
Authors: Thomas Engel, Philip Reid
3rd edition
805338423, 080533842X, 978-0321812001
