A Firm Wants to Launch a New Luxury Product Only

question 10

Multiple Choice

A firm wants to launch a new luxury product only if demand for the product is strong.The probability that demand is strong is estimated to be 0.6.With a perfect market survey,what is the probability that the test will show that demand is strong?

• A)0.6
• B)0.4
• C)0.24
• D)0.5
• E)0.2

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Definitions:

Secondary Xylem

The part of a plant that contributes to wood formation, responsible for water transport and structural support.

Cork Cambium

Lateral meristem that produces cork.

Primary Xylem

The first-formed xylem in a plant, responsible for water and mineral transportation, and it contributes to the plant's structural support.

Bulb

is a plant organ of perennation, consisting of a short stem with fleshy leaves or leaf bases that function as food storage during dormancy.