Two people, A and B, are competing for the control of a corporation. The probabilities that these two people will win are 0.7 and 0.3, respectively. If A wins, the probability of introducing a new product is 0.8; if B wins, the corresponding probability is 0.4. a) What is the probability that a new product will be introduced? b) If a new product is introduced, what is the probability that B won the competition?

Two people, A and B, are competing for the control of a corporation. The probabilities that these two people will win are 0.7 and 0.3, respectively. If A wins, the probability of introducing a new product is 0.8; if B wins, the corresponding probability is 0.4. a) What is the probability that a new product will be introduced? b) If a new product is introduced, what is the probability that B won the competition?

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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Question

Two people, A and B, are competing for the control of a corporation. The probabilities that

these two people will win are 0.7 and 0.3, respectively. If A wins, the probability of introducing

a new product is 0.8; if B wins, the corresponding probability is 0.4.

a) What is the probability that a new product will be introduced?

b) If a new product is introduced, what is the probability that B won the competition?

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