Please read the question because the question is asking for more than one thing. Thank you. signmA consumer products company found that 49% of successful products also received favorable results from test market research, whereas 12% had unfavorableresults but nevertheless were successful. That is, P(successful product and favorable test market) = 0.49 and P(successful product and unfavorable testtudent market) = 0.12. They also found that 28% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, thatis P(unsuccessful product and unfavorable test market) 0.28 and P(unsuccessful product and favorable test market) = 0.11. Find the probabilities of successful andunsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorabletest market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market).StatCruieText C P(successful product given favorable test market) =(Round to two decimal places as needed.)Study PIVideo &Library(0/1)Accessit(0.50PurchasCommuHelp Me Solve ThisView an ExampleGet More Help -Clear AllCheck Answerns ConType here to searchacerF5F6F8F9F10F12Numtk

It is given that, P(Successful product and favorable test market)=0.49. P(Successful product and…

Answered: A consumer products company found that…

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

Problem 8CR

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