possibility question
Submitted by Anonymous (not verified) on Wed, 05/14/2008 - 22:49
a news that a competitor will produce a new product within 3 months.
PM found that the change to have the new product is 80%
and a chance to make it wihin 3 months is 80%. What is possibility to have this news come true?
A: 80%
B: 0.8 X 08
C 80%/2
Forums:
Pallavi Choudhary (not verified)
Thu, 05/22/2008 - 20:19
Permalink
I guess it should be
I guess it should be 0.8x0.8. = 0.64 i.e 64%. I found it on Ajithn website.
lashar2 (not verified)
Sun, 08/17/2008 - 01:03
Permalink
there is No calculation
there is No calculation required, it is probability/possibility of something happen, which will remain same given.