What is the probability that the herbal tea project does

Reference no: EM13642180

You are considering two projects that are not mutually exclusive, the Espresso Project, and the Herbal Tea Project. The probability the Espresso Project does well is 0.80. Given that it does well, you believe the Herbal Tea Project is likely to do well with probability 0.70. However, if the Espresso Project does not do well, then the Herbal Tea Project has only a 25% chance of doing well. What is the probability that the Herbal Tea Project does well? What is the probability that both projects do well? What is implied about these projects?

Reference no: EM13642180

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