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A consumer products company found that 43% of successful products also received favorable results from test market research, whereas 14% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.43 and P(successful product and unfavorable test market) = 0.14. They also found that 30% of unsuccessful products had unfavorable research results, whereas 13% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) = 0.30 and P(unsuccessful product and favorable test market) = 0.13. Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market). P(successful product given favorable test market) =| (Round to two decimal places as needed.) PI & ury essit (C chas mmu Clear All Check Answer Get More Help - Help Me Solve This View an Example Type here to search

A consumer products company found that 43% of successful products also received favorable results from test market research, whereas 14% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.43 and P(successful product and unfavorable test market) = 0.14. They also found that 30% of unsuccessful products had unfavorable research results, whereas 13% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) = 0.30 and P(unsuccessful product and favorable test market) = 0.13. Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market). P(successful product given favorable test market) =| (Round to two decimal places as needed.) PI & ury essit (C chas mmu Clear All Check Answer Get More Help - Help Me Solve This View an Example Type here to search

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A consumer products company found that 43% of successful products also received favorable results from test market research, whereas 14% had unfavorable se results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.43 and P(successful product and unfavorable test gnm market) = 0.14. They also found that 30% of unsuccessful products had unfavorable research results, whereas 13% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) = 0.30 and P(unsuccessful product and favorable test market) = 0.13. Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market). dent P(successful product given favorable test market) =| atCru (Round to two decimal places as needed.) Text Co Study PI Video & Library Accessik Purchas Commu Clear All Check Answer Help Me Solve This View an Example Get More Help - Type here to search
Transcribed Image Text:A consumer products company found that 43% of successful products also received favorable results from test market research, whereas 14% had unfavorable se results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.43 and P(successful product and unfavorable test gnm market) = 0.14. They also found that 30% of unsuccessful products had unfavorable research results, whereas 13% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) = 0.30 and P(unsuccessful product and favorable test market) = 0.13. Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market). dent P(successful product given favorable test market) =| atCru (Round to two decimal places as needed.) Text Co Study PI Video & Library Accessik Purchas Commu Clear All Check Answer Help Me Solve This View an Example Get More Help - Type here to search
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