QUESTION 1 Problem 1a: XYZ Corporation develops a wide range of products for its target market. Overall, 25% of its existing products are considered by the marketing department to be successful (S) and 75% are unsuccessful. The company is using a panel of potential customers to evaluate existing product designs, with the objective to improve the success rate of future products. Of the existing products, 80% of successful products (S) received good reviews (G), and 10% of unsuccessful products received good reviews. (a) Given that an existing product is successful, what is the probability that it received a good review? Give your probability as a percentage with 2 decimals P(G|S)=
QUESTION 1 Problem 1a: XYZ Corporation develops a wide range of products for its target market. Overall, 25% of its existing products are considered by the marketing department to be successful (S) and 75% are unsuccessful. The company is using a panel of potential customers to evaluate existing product designs, with the objective to improve the success rate of future products. Of the existing products, 80% of successful products (S) received good reviews (G), and 10% of unsuccessful products received good reviews. (a) Given that an existing product is successful, what is the probability that it received a good review? Give your probability as a percentage with 2 decimals P(G|S)=
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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