Customers are used to evaluate preliminary product designs. In the past, 92% of highly successful products received good reviews, 53% of moderately successful products received good reviews, and 15% 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. Round your answers to four decimal places (e.g. 0.9876). (a) What is the probability that a product attains a good review? (b) If a new design attains a good review, what is the probability that it will be a highly successful product? (c) If a product does not attain a good review, what is the probability that it will be a highly successful product?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Customers are used to evaluate preliminary product designs. In the past, 92% of highly successful products received good reviews,
53% of moderately successful products received good reviews, and 15% 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. Round your answers
to four decimal places (e.g. 0.9876).
(a) What is the probability that a product attains a good review?
(b) If a new design attains a good review, what is the probability that it will be a highly successful product?
(c) If a product does not attain a good review, what is the probability that it will be a highly successful product?
(a) i
(b) i
(c) i
Transcribed Image Text:Customers are used to evaluate preliminary product designs. In the past, 92% of highly successful products received good reviews, 53% of moderately successful products received good reviews, and 15% 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. Round your answers to four decimal places (e.g. 0.9876). (a) What is the probability that a product attains a good review? (b) If a new design attains a good review, what is the probability that it will be a highly successful product? (c) If a product does not attain a good review, what is the probability that it will be a highly successful product? (a) i (b) i (c) i
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