Homework Help is Here – Start Your Trial Now!
Math
Probability
Customers are used to evaluate preliminary product designs. In the past, 90% of highly successful products received good reviews, 65% of moderately successful products received good reviews, and 15% of poor products received good reviews. In addition, 40% of products have been highly successful, 30% have been moderately successful, and 20% have been poor products. What is the probability that a product attains a good review? If a new design attains a good review, what is the probability that it will be a highly successful product? a. NONE O b.0.540, 0.704 O c. 0.585, 0.615 O d.0.460, 0.620

Customers are used to evaluate preliminary product designs. In the past, 90% of highly successful products received good reviews, 65% of moderately successful products received good reviews, and 15% of poor products received good reviews. In addition, 40% of products have been highly successful, 30% have been moderately successful, and 20% have been poor products. What is the probability that a product attains a good review? If a new design attains a good review, what is the probability that it will be a highly successful product? a. NONE O b.0.540, 0.704 O c. 0.585, 0.615 O d.0.460, 0.620

A First Course in Probability (10th Edition)
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...
See similar textbooks
icon
Related questions
Question

PLEASE SHOW COMPLETE SOLUTION

Customers are used to evaluate preliminary product designs. In the past, 90% of highly successful products received good reviews, 65% of moderately successful products received good reviews, and 15% of poor products received good reviews. In addition, 40% of products have been highly successful, 30% have been moderately successful, and 20% have been poor products. What is the probability that a product attains a good review? If a new design attains a good review, what is the probability that it will be a highly successful product? O a. NONE O b.0.540, 0.704 O c. 0.585, 0.615 O d.0.460, 0.620
Transcribed Image Text:Customers are used to evaluate preliminary product designs. In the past, 90% of highly successful products received good reviews, 65% of moderately successful products received good reviews, and 15% of poor products received good reviews. In addition, 40% of products have been highly successful, 30% have been moderately successful, and 20% have been poor products. What is the probability that a product attains a good review? If a new design attains a good review, what is the probability that it will be a highly successful product? O a. NONE O b.0.540, 0.704 O c. 0.585, 0.615 O d.0.460, 0.620
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer