Business, 19.09.2019 06:00 smart57

Problem 2.171 customers are used to evaluate preliminary product designs. in the past, 94% of highly successful products received good reviews, 60% of moderately successful products received good reviews, and 13% 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. round your answers to four decimal places (e. g. 98.7654). (a) what is the probability that a product attains a good review? (b) if a new design attains a good review, what is the probability that it will be a highly successful product? (c) if a product does not attain a good review, what is the probability that it will be a highly successful product?

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Problem 2.171 customers are used to evaluate preliminary product designs. in the past, 94% of highly...

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