Mathematics, 23.03.2020 21:37, avery8626
A consulting firm submitted a bid for a large research project. The firm’s management initially felt they had a 50–50 chance of getting the project. However, the agency to which the bid was submitted subsequently requested additional information on the bid. Past experience indicates that for 75% of the successful bids and 40% of the unsuccessful bids the agency requested additional information. a. What is the prior probability of the bid being successful (that is, prior to the request for additional information)?
b. What is the conditional probability of a request for additional information given that the bid will ultimately be successful?
c. Compute the posterior probability that the bid will be successful given a request for additional information.
Answers: 1
Mathematics, 21.06.2019 20:00, genyjoannerubiera
The weight v of an object on venus varies directly with its weight e on earth. a person weighing 120 lb on earth would weigh 106 lb on venus. how much would a person weighing 150 lb on earth weigh on venus?
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Mathematics, 21.06.2019 20:00, Queenashley3232
Combine like terms to make a simpler expression 3z+z
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A consulting firm submitted a bid for a large research project. The firm’s management initially felt...
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