Question
A sales team has an estimated a 65% chance of landing new clients after a pre-screen research effort. A sales training campaign company claims they
A sales team has an estimated a 65% chance of landing new clients
after a pre-screen research effort.
A sales training campaign company claims they can provide sales
team with more information. Historically, 60% of successful
research efforts have
had
detailed info, and 80% of unsuccessful
research efforts have
not
had detailed info.
Given that a high profile sale is coming, and we're leaning towards
doing a research effort using this marketing company's detailed
information, what is the revised probability that the sale will be
unsuccessful?
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