Customers are used to evaluate preliminary product designs. In the past, 95% of highlysuccessful products received good reviews, 50% of moderately successful products receivedgood reviews, and 10% of poor products received good reviews. In addition, 30% of productshave been highly successful, 30% have been moderately successful, and 25% have been poorproducts.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 successfulproduct?

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

Answered: Customers are used to evaluate…

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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Similar questions

Two friends are opening a coffee shop. As they write their business plan, they research the amount of debt similar businesses can have in the first two years of opening. It is known that 72% of coffee shops have a debt of over $50,000 within the first two years of opening. If a random sample of 36 coffee shops is obtained, use a calculator to find the probability that more than half of them had debt of over $50,000 within the first two years of opening. Round your answer to three decimal places. Provide your answer below:
A study showed that in 1990, 47% of all those involved in a fatal car crash wore seat belts. Of those in a fatal crash who wore seat belts, 46% were injured and 26% were killed. For those not wearing seat belts, the comparable figures were 43% and 51%, respectively. Find the probability that a randomly selected person who was unharmed in a fatal crash was not wearing a seat belt.
In a certain high school, 11% of the students like math, while 18% of the students like chemistry. The probability that the chosen student likes both math and chemistry is 0.06. What is the probability that a randomly chosen student does not like math nor chemistry?
A newspaper sports reporter has a 58% accuracy for predicting the winners in NHL hockey games. A radio sports reporter has a 65% accuracy for predicting the winners. For a particular game, what is the probability that at least one of these reporters will make a correct prediction?
Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good reviews, 40% 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 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. 0.460, 0.620 O b.0.585, 0.615 OC. NONE O d. 0.540, 0.704
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?
An assembly line produces a tool. The parts are independently sampled one at a time and tested for compliance. Historically, 0.15 of the parts have been found to be non-compliant. What is the probability that the 6th sampled part will be the 3rd part found to be non-compliant?

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