QUESTION 2 Problem 1b: XYZ Corporation develops a wide range of products for its target market. Overall, 25% of its existing products are considered by the marketing department to be successful (S) and 75% are unsuccessful. The company is using a panel of potential customers to evaluate existing product designs, with the objective to improve the success rate of future products. Of the existing products, 80% of successful products (S) received good reviews (G), and 10% of unsuccessful products received good reviews. (b) What is the probability thatlan existing product chosen at random is successful and received a good review? Give your probability as a percentage with 2 decimals P(GNS)=

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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QUESTION 2
Problem 1b:
XYZ Corporation develops a wide range of products for its target market. Overall, 25% of its existing products are considered by the marketing
department to be successful (S) and 75% are unsuccessful.
The company is using a panel of potential customers to evaluate existing product designs, with the objective to improve the success rate of future
products. Of the existing products, 80% of successful products (S) received good reviews (G), and 10% of unsuccessful products received good
reviews.
(b) What is the probability that an existing product chosen at random is successful and received a good review? Give your probability as a percentage
with 2 decimals
P(GN S) =
%3D
Transcribed Image Text:QUESTION 2 Problem 1b: XYZ Corporation develops a wide range of products for its target market. Overall, 25% of its existing products are considered by the marketing department to be successful (S) and 75% are unsuccessful. The company is using a panel of potential customers to evaluate existing product designs, with the objective to improve the success rate of future products. Of the existing products, 80% of successful products (S) received good reviews (G), and 10% of unsuccessful products received good reviews. (b) What is the probability that an existing product chosen at random is successful and received a good review? Give your probability as a percentage with 2 decimals P(GN S) = %3D
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