cise 2.6 (Bayes’ Theorem) In Exercise 2.4, what is the probability that a new design will be highly successful if it receives a good review?

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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kindly help me with this exercise thank you!

answer exercise 2.6 only

Exercise 2.4 (Multiplication and Total Probability Rule) Customers are used to
evaluate preliminary product designs. In the past, 95% of highly successful
products, 60% of moderately successful products, and 10º% of poor products
received good reviews. In addition, 40% of product designs have been highly
successful, 35% have been moderately successful, and 25% have been poor
products. Find the probability that a product receives a good review.
Exercise 2.6 (Bayes’ Theorem) In Exercise 2.4, what is the probability that a new
design will be highly successful if it receives a good review?
Transcribed Image Text:Exercise 2.4 (Multiplication and Total Probability Rule) Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products, 60% of moderately successful products, and 10º% of poor products received good reviews. In addition, 40% of product designs have been highly successful, 35% have been moderately successful, and 25% have been poor products. Find the probability that a product receives a good review. Exercise 2.6 (Bayes’ Theorem) In Exercise 2.4, what is the probability that a new design will be highly successful if it receives a good review?
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