Statistics- What is the probability that the new drug of a random company
QUESTION
During a certain period of time, the probability that the Food and Drug Administration would approve a new drug was 0.29. If a new drug was approved, the probability that the companies stock price would double was 0.39. If a new drug was not approved, the probability that the companies stock price would double was 0.42.What is the probability that the new drug of a random company was not approved?
ANSWER:
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