Question:
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.