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 10%...


Final answers should be either in lowest-term Fraction or up to 4 decimal places only. For even smaller numbers, round off to the nearest non-zero digit.


Customers are used to evaluate preliminary product designs. In the past, 95% of highly successful products received good<br>reviews, 60% of moderately successful products received good reviews, and 10% of poor products received good reviews.<br>In addition, 40% of products have been highly successful, 35% have been moderately successful, and 25% have been poor<br>products.<br>a. What is the probability that a product attains a good review? Ans = Blank 1<br>b. If a new design attains a good review, what is the probability that it will be a highly successful product? Ans = Blank 2<br>c. If a product does not attain a good review, what is the probability that it will be a highly successful product? Ans = Blank<br>3<br>

Extracted text: 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 10% 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. a. What is the probability that a product attains a good review? Ans = Blank 1 b. If a new design attains a good review, what is the probability that it will be a highly successful product? Ans = Blank 2 c. If a product does not attain a good review, what is the probability that it will be a highly successful product? Ans = Blank 3

Jun 11, 2022
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