A consumer products company found that 46% of successful products also received favorable results from test market research, whereas 14% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.46 and P(successful product and unfavorable test market) = 0.14.. They also found that 29% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) =0.29 and P(unsuccessful product and favorable test market) = 0.11. Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market). P(successful product given favorable test market) = (Round to two decimal places as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
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A consumer products company found that 46% of successful products also received favorable results from test market research, whereas 14% had unfavorable results
but nevertheless were successful. That is, P(successful product and favorable test market) = 0.46 and P(successful product and unfavorable test market) = 0.14. They
also found that 29% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product
and unfavorable test market) =0.29 and P(unsuccessful product and favorable test market) = 0.11. Find the probabilities of successful and unsuccessful products given
known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product
given favorable test market), and P(unsuccessful product given unfavorable test market).
P(successful product given favorable test market) =
(Round to two decimal places as needed.)
es
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Transcribed Image Text:A consumer products company found that 46% of successful products also received favorable results from test market research, whereas 14% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.46 and P(successful product and unfavorable test market) = 0.14. They also found that 29% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) =0.29 and P(unsuccessful product and favorable test market) = 0.11. Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market). P(successful product given favorable test market) = (Round to two decimal places as needed.) es Enter your answer in the afiswer box and then click ChecK Answer. ools parts remaining Clear All OK 6:0 5/28 h for anything Pause F10 F11 F12 F5 F6 F7 F8 F9 SySRa Break Numlk DIO
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