Customers are used to evaluate 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. 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 wili 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 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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Customers are used to evaluate 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.
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
Transcribed Image Text:Customers are used to evaluate 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. 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
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