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:

Court-appointed Guardian

An individual assigned by a court to make legal decisions for another person who is unable to make those decisions themselves, typically due to age or incapacity.

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, which may impact day-to-day functioning and relationships.

Capacity

Refers to the legal competence of an individual or organization to enter into a binding contract and understand the obligations it imposes.

Bargaining

The process of negotiating the terms of an agreement or contract between two or more parties.