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Topic: Business
Number of pages / Number of words: 4 / 1084
Essay's paper body

Therefore, the overall probability that the consumer will try Oxyglobin at a 150-dollar price to the vets will be 0.75*0.80. We can use this procedure to calculate the probability of the consumer choosing to use Oxyglobin at any given price to the vet (there are only 4 price points: 50, 100, 150 and 200) for both the critical and non-critical cases...


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This is shown as follows

Price to the vet Non Critical Cases Critical cases

Trial Probability for the vet Trial probability for the customer given that the vet has tried Overall trial probability for the customer Trial Probability for the vet Trial probability for the customer given that the vet has tried Overall trial probability for the customer

$50 0...


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General points of the essay

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