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Two Professors at a Nearby University Want to Coauthor a New

question 74

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Two professors at a nearby university want to coauthor a new textbook in either economics or statistics. They feel that if they write an economics book, they have a 50 percent chance of placing it with a major publisher, and it should ultimately sell about 40,000 copies. If they cannot get a major publisher to take it, then they feel they have an 80 percent chance of placing it with a smaller publisher, with ultimate sales of 30,000 copies. On the other hand, if they write a statistics book, they feel they have a 40 percent chance of placing it with a major publisher, and it should result in ultimate sales of about 50,000 copies. If they cannot get a major publisher to take it, they feel they have a 50 percent chance of placing it with a smaller publisher, with ultimate sales of 35,000 copies.
What is the probability that the economics book would wind up being placed with a smaller publisher?

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Definitions:

Temporal Retinas

The portions of the retinas nearest the temples, responsible for processing visual information from the nasal (medial) visual field.

Dorsal Stream

The neural pathway in the brain that is primarily responsible for processing visual motion and spatial location, extending from the occipital to the parietal lobes.

Parietal Lobe

A region of the cerebral cortex involved in processes related to sensory information from the body, spatial awareness, and navigation.

Receptive-field Hierarchy

A concept in neuroscience describing how sensory information is processed in a series of increasingly complex and integrative levels within the nervous system.

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