Mathematics, 01.02.2021 23:40, oparadorableo8018
A company is considering producing some new products. Based on past records, management believes that there is a 70 percent chance that each of these will be successful, and a 30 percent chance of failure. Market research may be used to revise these probabilities. In the past, the successful products were predicted to be successful based on market research 90 percent of the time. However, for products that failed, the market research predicted these would be successes 20 percent of the time. If market research is performed for a new product, what is the probability that the results indicate a successful market for the product and the product actually is successful?
Answers: 2
Mathematics, 21.06.2019 14:40, kiasiab17
The physical fitness of an athlete is often measured by how much oxygen the athlete takes in (which is recorded in milliliters per kilogram, ml/kg). the mean maximum oxygen uptake for elite athletes has been found to be 60 with a standard deviation of 7.2. assume that the distribution is approximately normal.
Answers: 3
A company is considering producing some new products. Based on past records, management believes tha...
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