Ant Co. has developed a new product, the A-Warren. It is now time to bring the A-Warren productto market. There are two alternatives for Ant-Co either market the product only in the local area, ormarket the product nationally.If Ant Co. rolls out the A-Warren product locally and it is successful, then the company will receive$1.4M from product sales. However, if the local rollout is unsuccessful, then the company will lose$100,000 ($0.1M) due to the costs of advertising.If Ant Co. rolls out the A-Warren product nationally and it is successful, then the company willreceive $3M from product sales. However, if the national rollout is unsuccessful, then the companywill lose $1M due to the costs of advertising.Historically, 40% of Ant Co.'s product rollouts have been successful.Ant Co. could choose to use a focus group to provide feedback on the A-Warren. In the past whenAnt Co.'s products were successful (locally or nationally), the focus group predicted this 80% of thetime. For products that were not successful, the focus group predicted the product would not besuccessful 90% of the time.What is the probability that the A-Warren product will be a success when the focus group predictsthat it will be unsuccessful?None of the answers are correct.0.1290.0800.2000.158

Given that 40% of Ant Co.'s products were successful or probability that a product will be…

Answered: Historically, 40% of Ant Co.'s 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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A kid has three remote controlled toy race cars and he plays with them 25%, 35% and 40% of the time respectively. The remote controls of the cars can sometimes malfunction, namely 5%, 7% and 9% of the time. If during a race the remote malfunctioned, what is the probability that he was playing with his third car?
Sleeping pills are often prescribed to patients who are diagnosed with depression. In the early 2000's however, some clinical studies found that the use of sleeping pills increases the likelihood of developing depression. In the population, 2 out of every 100 people suffer from depression and 1 out of every 100 use some kind of sleeping pills. If anyone is diagnosed with depression, there is a 35% chance that they are prescribed sleeping pills. What is the probability that someone who takes sleeping pills will develop depression?
Many track hurdlers believe that they have a better chance of winning if they start in the inside lane that is closest to the field. For the data below, the lane closest to the field is Lane 1, the next lane is Lane 2, and so on until the outermost lane, Lane 6. The data lists the number of wins for track hurdlers in the different starting positions. Find the P-value to test the claim that the probabilities of winning are the same in the different positions. Use a = 0.05. The results are based on 240 wins. Starting Position Number of Wins 1 2 45 36 OA. 0.05 0.10 3 4 33 44 5 6 50 32 D
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The principle of redundancy is used when system reliability is improved through redundant or backup components. Assume that a student's alarm clock has a 19.1% daily failure rate. If the student has two such alarm clocks, what is the probability that they both fail on the morning of an important final exam?
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