Answers must be in 4 decimalsCustomers are used to evaluating 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.what is the probability that a product attains a bad review?

Obtain the probability that a product attains a bad review. The probability that a product attains a…

Answered: Answers must be in 4 decimalS Customers…

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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In a recent year, the Better Business Bureau settled 75% of complaints they received. You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Suppose your sample size is 288. What is the probability that the sample proportion will be at most 4 percent more than the population proportion?
candy industries take random samples from their inventory and sort by flavor. daycare center samples a number of those they take care of and sort by how often they cry during a day visit. If you randomly select a candy from the candy sample and a child in daycare from the daycare sample, what is the probability that you'd pick a grape taffy and a child who cries more than twenty times a day?
You are analysing a factory. Stage 3 of the manufacturing process has a 45% chance of finishing on time. If it does finish on time, the chance of Stage 4 finishing late is 20%. The overall chance of Stage 4 finishing on time is 71.2%. What is the chance that Stage 4 finishes late if Stage 3 finished late? Round your answer to 2 decimal places.
Suppose 59% of the students in a university are baseball players. If a sample of 632 students is selected, what is the probability that the sample proportion of baseball players will be greater than 63%? Round your answer to four decimal places.
A project has a 60% of super success earning $50,000, a 15% chance of mediocre success earning $20,000, and a 25% probability of failure losing $30,000. What is the EMV of the project?
Your favorite team is in the World Series. You have assigned a probability of 63% that they will win the championship. Past records indicate that when teams win the championship, they win the first game of the series 69% of the time. When they lose the championship, they win the first game 22% of the time. The first game is over and your team has lost. What is the probability that they will win the World Series?
A blood test for diabetes gives a positive result with a proportion of 0.22 when an individual has diabetes and a negative result with a proportion of 0.11 when they do not. Approximately a proportion of 0.66 of the population has diabetes. If a randomly chosen citizen tested negative, what is the probability that they actually have diabetes? Round your answer to five decimals.
Analysts expects that 11% of all publicly traded companies will experience a decline in earnings next year. If a company is headed for a decline, there is a 74% chance that this ratio will be negative. If the company is not headed for a decline, there is only a 20% chance that the ratio will be negative. The analyst randomly selects a company and its ratio is negative. What is the probability that the company will experience a decline?
At her archery lessons, Tess has a 90% chance of getting a bull's eye. Unfortunately, there is only a 40% chance that her instructor will be watching her when she shoots. What is the probability that her instructor will see Tess hit the bull's eye? Explain completely.
It is believed that 42% of American cell phone users have some version of an iPhone. If a random sample of 250 Americans with cell phones is taken, what is the probability the sample proportion of iPhone users will be greater than 45.5%?
You are analysing a factory. Stage 3 of the manufacturing process has a 70% chance of finishing on time. If it does finish on time, the chance of Stage 4 finishing late is 25%. The overall chance of Stage 4 finishing on time is 64.875%. What is the chance that Stage 4 finishes late if Stage 3 finished late?

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