6. A consulting firm submitted a bid for a large consulting contract. The firm'smanagement felt bid had a 50-50 chance of landing the project. However, the agencyto which the bid was submitted subsequently asked for additional information. Pastexperience indicates that that for 75% of successful bids and 40% of unsuccessfulbids the agency asked for additional information.a. What is the prior probability of the bid being successful (that is, prior tothe request for additional information).b.What is the conditional probability of a request for additional informationgiven that the bid will be ultimately successful?c.d. Compute the posterior probabilities using Tabular Approach to Bayes'TheoremCompute the posterior probability that the bid will be successful given arequest for additional information.314

A consulting firm submitted a bid for a large research project. The firm's management initially felt…

Answered: 3. A consulting firm submitted a bid…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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hello, i got the answer for a,b, and c. Can you please help me with at least items d and e? I hope it's also explained well and has calculations.
A study reports that 36% of companies in Country A have three or more female board directors. Suppose you select a random sample of 100 respondents. Complete parts (a) through a. What is the probability that the sample will have between 29% and 37% of companies in Country A that have three or more female board directors? The probability is (Round to four decimal places as needed.) b. The probability is 60% that the sample percentage of Country A companies having three or more female board directors will be contained within what symmetrical limits of the population The probability is 60% that the sample percentage will be contained above (Round to one decimal place as needed.) % and below %. c. The probability is 99.7% that the sample percentage of Country A companies having three or more female board directors will be contained within what symmetrical limits of the population The probability is 99.7% that the sample percentage will be contained above % and below (Round to one decimal…
Q. No. 3. A famous football team plays 60% of games at night and 40% during the day. The team wins 50% of the night games and 70% of the day games. According to print media reports, the team won yesterday. i. What is the probability the game was played during the day? ii. What is the probability the game was played at night?
A consulting firm submitted a bid for a large research project. The firm's management initially felt they had a 50– 50 chance of getting the project. However, the agency to which the bid was submitted subsequently requested additional information on the bid. Past experience indicates that for 80% of the successful bids and 42% of the unsuccessful bids the agency requested additional information. a. What is the prior probability of the bid being successful (that is, prior to the request for additional information) (to 1 decimal)? b. What is the conditional probability of a request for additional information given that the bid will ultimately be successful (to 2 decimals)? c. Compute the posterior probability that the bid will be successful given a request for additional information (to 2 decimals).
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A survey on the best Asian tourist destinations showed that, out of 70 people, 23 ranked Singapore as first, whereas 15 put Hong Kong in first place, 11 put Shanghai first, 7 put Beijing first, and the rest of them chose Tokyo. On the basis of this data, calculate the following.a. The probability of the preferred destination being a city in China. (In this specific case, Hong Kong is not considered part of China.)b. The probability of the preferred destination not being a Chinese city. (In this case, Hong Kong is considered a Chinese city, even if outside China.)c. The probability of the preferred destination being Tokyo.d. The probability of the preferred destination not being Singapore.
A consulting firm submitted a bid for a large research project. The firm's management initially felt they had a 50-50 chance of getting the project. However, the agency to which the bid was submitted subsequently reguested additional information on the bid. Past experience indicates that for 71% of the successful bids and 37% of the unsuccessful bids the agency requested additional information. I What is the prior probability of the bid being successful (that is, prior to the request for additional information)? I What is the conditional probability of a request for additional information given that the bid will ultimately be successful? 1 Compute the posterior probability that the bid will be successful given a request for additional information (to 2 decimals).
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1. Researchers are interested in the relationship between vaping and upper respiratory infections. Suppose that 15% of their population of interest has vaped in the past year and 25% have had an upper respiratory infection in the past year. In addition, they know that 10% have both vaped and had an upper respiratory infection in the past year. What percent of the population has neither vaped nor had an upper respiratory infection in the past year? b. What is the probability of having an upper respiratory infection in the past year given that the person has vaped in the past year? What is the complement of the event in part b)? Be sure to interpret this probability in the context of the problem. a. C. d. What is the probability of having an upper respiratory infection in the past year given that the person has not vaped in the past year? Are the two events independent? Be sure to justify your answer. Based on your calculations what can you conclude about the relationship between vaping…
Suppose that 30 percent of an adult population have an infectious disease and 40 percent have achronic disease. Assume that having an infectious disease is independent from having a chronicdisease. For each of the questions below perform the calculation using appropriate statisticalnotation.a. What is the probability that a person selected at random will have both diseases?b. What is the probability of having the infectious disease for people with the chronic disease?c. What is the probability of having the infectious disease for people without the chronic disease?d. What is the probability of not having the infectious disease for people with the chronicdisease?
A null and alternative hypothesis are given. Determine whether the hypothesis test is left-tailed, right-tailed, or two-tailed. Ho: Ha: р = 0.8 p0.8 What type of test is being conducted in this problem? A. Left-tailed test B. Two-tailed test C. Right-tailed test
A consulting firm submitted a bid for a large research project. The firm's management initially felt they had a 50-50 chance of getting the project. However, the agency to which the bid was submitted subsequently requested additional information on the bid. Past experience indicates that for 80% of the successful bids and 45% of the unsuccessful bids the agency requested additional information. What is the prior probability of the bid being successful (that is, prior to the request for additional information)? What is the conditional probability of a request for additional information given that the bid will ultimately be successful? Compute the posterior probability that the bid will be successful given a request for additional information (to 2 decimals).

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