The management team at Colston.com predicts that if the economy continues to grow at the current rate, there is a 95% probability that the company will see at least a 40% increase in revenue this year.If the economy slows, that probability drops to 30%, but if it accelerates, the probability increases to 99%.The Wall Street Journal believes that there is a 60% chance that the economy will continue to grow at the current rate, a 25% chance that it will slow, and a 15% chance that it will accelerate.Use this information to estimate the likelihood that Colston.com will show at least a 40% increase in profits this year.
A).6652
B).5597
C).8447
D).6132
E).7935

Question

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The Answer of The management team at Colston.com predicts that if the economy continues to grow at the current rate, there is a 95% probability that the company will see at least a 40% increase in revenue this year.If the economy slows, that probability drops to 30%, but if it accelerates, the probability increases to 99%.The Wall Street Journal believes that there is a 60% chance that the economy will continue to grow at the current rate, a 25% chance that it will slow, and a 15% chance that it will accelerate.Use this information to estimate the likelihood that Colston.com will show at least a 40% increase in profits this year.
A).6652
B).5597
C).8447
D).6132
E).7935

The Management Team at Colston