10. Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good reviews, 60% of moderately successful products received good reviews, and 10% of poor products received good reviews. In addition, 40% of products have been highly successful, 35% have been moderately successful, and 25% have been poor products. a. What is the probability that a product attains a good review? b. If a new design attains a good review, what is the probability that it will be a highly successful product? c. If a product does not attain a good review, what is the probability that it will be a highly successful product?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Solve using the concept of probability
10. Customers are used to evaluate preliminary product designs. In the past, 95% of
highly successful products received good reviews, 60% of moderately successful
products received good reviews, and 10% of poor products received good reviews.
In addition, 40% of products have been highly successful, 35% have been
moderately successful, and 25% have been poor products.
a. What is the probability that a product attains a good review?
b. If a new design attains a good review, what is the probability that it will be a
highly successful product?
c. If a product does not attain a good review, what is the probability that it will be
a highly successful product?
Transcribed Image Text:10. Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good reviews, 60% of moderately successful products received good reviews, and 10% of poor products received good reviews. In addition, 40% of products have been highly successful, 35% have been moderately successful, and 25% have been poor products. a. What is the probability that a product attains a good review? b. If a new design attains a good review, what is the probability that it will be a highly successful product? c. If a product does not attain a good review, what is the probability that it will be a highly successful product?
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