Cost of developing the new ad campaign

Reference no: EM1398093

The probability that a new advertising campaign will increase sales is assessed as being 0.60. The probability that the cost of developing the new ad campaign can be kept within the original budget allocation is 0.50. Assuming that the two events are independent, the probability that the cost is kept within budget and the campaign will increase sales is:

a. 0.20

b. 0.30

c. 0.40

d. 0.65

Reference no: EM1398093

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