Customers are used to evaluate preliminary product designs. In the past, 93% of highly successful products received good reviews, 52% of moderately successful products received good reviews, and 11% 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? (b) i (c) i
Customers are used to evaluate preliminary product designs. In the past, 93% of highly successful products received good reviews, 52% of moderately successful products received good reviews, and 11% 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? (b) i (c) i
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:Customers are used to evaluate preliminary product designs. In the past, 93% of highly successful products received good reviews,
52% of moderately successful products received good reviews, and 11% 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?
(b) i
(c) i
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