A Company Is Considering Producing Two New Electronic Games Designed

question 130

Multiple Choice

A company is considering producing two new electronic games designed for the popular Gameboy toy.Based on market data, management believes that there is a 60 percent chance that a "cops and robbers" game will be successful and a 40 percent chance that a "let's play house" game will be successful.As these products are completely different, it may be assumed that the success of one is totally independent of the success of the other.If two products are introduced to the market, what is the probability that both are failures?

• A)0.16
• B)0.24
• C)0.80
• D)0.36

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Definitions:

Talcott Parsons

An influential American sociologist known for his development of sociological theory, particularly regarding the role of social structures and the importance of societal equilibrium.

Fictive Kin

Close relations with people we consider “like family” but who are not related to us by blood or marriage.

Fictive Kin

Non-biological relationships that are recognized as functionally equivalent to family ties due to their emotional or social significance.

Nuclear Family

A family unit consisting of two parents and their children, considered the smallest, most basic social unit in many societies.