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?
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?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![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?
a. 0.585, 0.615
b. 0.540, 0.704
O c. 0.460, 0.620
d. NONE](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb08c7b90-7ab7-4ad5-a665-afcc950a4e26%2Fbd9384ae-a51a-4277-abf8-2f24270b549a%2Fic9l6l_processed.png&w=3840&q=75)
Transcribed Image Text: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?
a. 0.585, 0.615
b. 0.540, 0.704
O c. 0.460, 0.620
d. NONE
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