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Three groups A, B, C are contesting for ...

Three groups A, B, C are contesting for positions on the board of directors of a company. The probabilities of their winning are 0.5, 0.3 and 0.2 respectively. If the group A wins the probability of introducing a new product is 0.7 and the corresponding probabilities for group B and C are 0.6 and 0.5 respectively. Find the probability that the new product will be introduced.

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The correct Answer is:
`0.63`
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