The chances of P, Q and R getting selected as CEO of a company are in the ratio 4 : 1 : 2 respectively. The probabilities for the company to increase its profits from the previous year under the new CEO, P, Q or R are 0·3, 0·8 and 0·5 respectively. If the company increased the profits from the previous year, find the probability that it is due to the appointment of R as CEO.
August 03, 2026
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