Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. we have a long competitive relationship with ot

2. We have a long competitive relationship with others in the industry. Based on this...

90.2K

Verified Solution

Question

Accounting

2. We have a long competitive relationship with others in the industry. Based on this history, there is a .70 probability of a positive net present value when competitors do not respond to our introduction of a new product. Based on this same history, if competitors do respond, there is a .30 probability of a positive net present value. After studying history, and the financial capabilities of our competitors going forward, we determine that there is a .70 probability that competitors will respond. The total probability of a positive net present value is ______.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students