During a certain period of tim

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Question description

During a certain period of time, the probability that the Food and Drug Administration would approve a new drug was 0.26. If a new drug was approved, the probability that the companies stock price would double was 0.28. If a new drug was not approved, the probability that the companies stock price would double was 0.74

What is the probability that the stock price of a random company would double?

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