Exercise 2.4 (Multiplication and Total Probability Rule) Customers are used to evaluate preliminary product designs. In the past, 95 % of highly successful products, 60 % of moderately successful products, and 10 % of poor products received good review. In addition, 40% of product designs have been highly successful, 35 % have been moderately successful, and 25% have been poor products. Find the probability that a product receives a good review. Exercise 2.6 (Bayes’ Theorem) In Exercise 2.4, what is the probability that a new design will be highly successful if it receives a good review?

Exercise 2.4 (Multiplication and Total Probability Rule) Customers are used to evaluate preliminary product designs. In the past, 95 % of highly successful products, 60 % of moderately successful products, and 10 % of poor products received good review. In addition, 40% of product designs have been highly successful, 35 % have been moderately successful, and 25% have been poor products. Find the probability that a product receives a good review. Exercise 2.6 (Bayes’ Theorem) In Exercise 2.4, what is the probability that a new design will be highly successful if it receives a good review?

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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Exercise 2.4 (Multiplication and Total Probability Rule) Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products, 60% of moderately successful products, and 10% of poor products received good reviews. In addition, 40% of product designs have been highly successful, 35% have been moderately successful, and 25% have been poor products. Find the probability that a product receives a good review.
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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? O a. 0.460, 0.620 O b.0.585, 0.615 OC. NONE O d. 0.540, 0.704
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kindly help me with this exercise thank you! answer exercise 2.6 only
Customers are used to evaluate preliminary product designs. In the past, 60% of highly successful products received good reviews, 25% 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. What is the probability that a product does not attain a good review? A 73/200 73/127 25/127 127/200