Mathematics, 25.02.2020 23:54 Miloflippin9766
A consulting firm submitted a bid for a large research project. The firm’s management
initially felt they had a 50–50 chance of getting the project. However, the agency to which
the bid was submitted subsequently requested additional information on the bid. Past
experience indicates that for 75% of the successful bids and 40% of the unsuccessful bids
the agency requested additional information.
a. What is the prior probability of the bid being successful (that is, prior to the request
for additional information)?
b. What is the conditional probability of a request for additional information given that
the bid will ultimately be successful?
c. Compute the posterior probability that the bid will be successful given a request for
additional information.
Answers: 3
Mathematics, 21.06.2019 21:30
Two rectangular prisms have the same volume. the area of the base of the blue prism is 418 4 1 8 square units. the area of the base of the red prism is one-half that of the blue prism. which statement is true?
Answers: 3
Mathematics, 22.06.2019 01:00
Which is an accurate comparison of the two data sets? the commute to work is typically shorter and more consistent than the commute home. the commute to work is typically shorter but less consistent than the commute home. the commute to work is typically longer and less consistent than the commute home. the commute to work is typically longer but more consistent than the commute home.
Answers: 2
A consulting firm submitted a bid for a large research project. The firm’s management
initial...
initial...
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