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What is the probability that firm a profits do not rise

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For two firms in the same industry quarterly profits are related. Firm A's profits rise (Event A) with probability 0.8. Firm B's profits rise (Event B) with a probability of 0.6. Suppose that if Firm A's profits rise then probability Firm B's profits rise is 0.7. If Firm B's profits does not rise then what is the probability that Firm A's profits do NOT rise?

Reference no: EM132495076

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