James, a production manager, is trying to improve the efficiency of his assembly line. He knows that the machine is set up correctly only 40% of the time. He also knows that if the machine is set up correctly, it will produce good parts 88% of the time, but if set up incorrectly, it will produce good parts only 10% of the time. James starts the machine and produces one part before he begins the production run. He finds the first part to be good. What is the revised probability that the machine was set up correctly