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Two groups are competing for the positio...

Two groups are competing for the position on the board of directors of a corporation. The probability that the first and the second groups will win are 0.6 and 0.4, respectively. Further, if the first group wins the probability of introducing a new product is 0.7 and the corresponding probability is 0.3, if the second group wins. Find the probability that the new product introduce was by second group.

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The correct Answer is:
`0.3`
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