​Use the Following Information for Question

question 63

Multiple Choice

​Use the following information for question
Transcendent Technologies is deciding between developing a complicated thought-activated software,or a simple voice-activated software.Since the thought-activated software is complicated,it only has a 30% chance of actually going through to a successful launch,but would generate revenues of $50million if launched.The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of $10million.The complicated technology costs 10million,whereas the simple technology costs 2million.
-​If the simplified version costs $2 million and its probability of success is 75%,whereas the cost of the complicated version is $10million,what is the minimum probability of success for the complicated version that would make the firm indifferent between the two software?

• A)​0.3
• B)0.31
• C)0.32
• D)​0.33

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Definitions:

Introductory Paragraph

An initial section of a text designed to introduce the topic, engage the reader, and outline the main points that will be covered.

Counterproposal

A proposal offered in response to a previous proposal, typically aiming to negotiate or compromise on differing terms.

Counterproposal

A proposal offered in response to one previously made, often as a form of negotiation or compromise.

Engineering Graduate

An individual who has received a degree in engineering from a college or university.