X Question 22 Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good reviews, 60% of moderately successful products received good reviews, and 12% 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? 0.6200 (b) If a new design attains a good review, what is the probability that it will be a highly successful product? 0.6129 (C) If a product does not attain a good review, what is the probability that it will be a highly successful product? 0.6452

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 60SE: Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the...
icon
Related questions
Question
X Question 22
Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good reviews, 60%
of moderately successful products received good reviews, and 12% 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? 0.6200
(b) If a new design attains a good review, what is the probability that it will be a highly successful product? 0.6129
(C) If a product does not attain a good review, what is the probability that it will be a highly successful product? 0.6452
Transcribed Image Text:X Question 22 Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good reviews, 60% of moderately successful products received good reviews, and 12% 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? 0.6200 (b) If a new design attains a good review, what is the probability that it will be a highly successful product? 0.6129 (C) If a product does not attain a good review, what is the probability that it will be a highly successful product? 0.6452
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer