A business venture can result in the following outcomes (with their corresponding chance of occurring in parentheses): Highly Successful (10%), Successful (25%), Break Even (25%), Disappointing (20%), and Highly Disappointing (?). If these are the only outcomes possible for the business venture, what is the chance that the business venture will be considered Highly Disappointing?
A) 20%
B) 15%
C) 25%
D) 10%

Question

Quizplus · Accepted Answer

The question states that the chance of a Highly Disappointing outcome is unknown and represented by a question mark. Since the total probability of all outcomes must add up to 100%, and the other outcomes account for 80% (10% + 25% + 25% + 20%), the chance of a Highly Disappointing outcome must be 20% (100% - 80%).

A Business Venture Can Result in the Following Outcomes (With