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(Solved): Textbook publishers must estimate the sales of new (first-edition) books. The records indicate t ...



Textbook publishers must estimate the sales of new​ (first-edition) books. The records indicate that 15​% of all new books sell more than​ projected, 25​% sell close to the number​ projected, and 60​% sell less than projected. Of those that sell more than​ projected, 60​% are revised for a second​ edition, as are 35​% of those that sell close to the number​ projected, and 25​% of those that sell less than projected. What percentage of books published go to a second​ edition? ​P(book goes to second ​edition)=enter your response here ​(Round to two decimal places as​ needed.)


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The problem at hand is a classic example of conditional probability. We're looking for the total pro...
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