If Tectronic is asked for a second presentation, what is the probability that the company will get an order?
Techtronic is a company that provides electronic components for fighter aircraft. Techtronic plans to offer its newest product to an air military agency. The sales manager analyzes that there is a 60% chance that this agency will place an order. Based on previous experience, after the company has made a presentation, it is possible to be asked for a second presentation to higher officials. Based on historical data, it is known that of the companies that have succeeded in getting orders, 70% of them were asked for a second presentation. It is also known that of the companies that failed to get orders, 50% of them were asked for a second presentation.
If Tectronic is asked for a second presentation, what is the
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