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It is relatively rare event that a new television show becomes a long-term success. A new television show that is introduced during the regular season
It is relatively rare event that a new television show becomes a long-term success. A new television show that is introduced during the regular season has a 10% chance of becoming a long term success. A new television show that is introduced as a mid-season replacement has only a 5% chance of becoming a long-term success. Approximately 60% of all new television shows are introduced during the regular season. What is the probability that a randomly selected new television show will become a long-term success?
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