A consumer products company found that 46% 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) = 0.46 and P(successful product and unfavorable test market) = 0.14.. They also found that 29% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) =0.29 and P(unsuccessful product and favorable test market) = 0.11. 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.)

A consumer products company found that 46% 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) = 0.46 and P(successful product and unfavorable test market) = 0.14.. They also found that 29% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) =0.29 and P(unsuccessful product and favorable test market) = 0.11. 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.)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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