A consumer products company found that 49% of successful products also received favorable results from test market research, whereas 12% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.49 and P(successful product and unfavorable test market) = 0.12. They also found that 28% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market)= 0.28 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 49% of successful products also received favorable results from test market research, whereas 12% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.49 and P(successful product and unfavorable test market) = 0.12. They also found that 28% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market)= 0.28 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.)
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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