Use the following for the next two questions. Customers are used to evaluate preliminary product designs. Whether or not
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Use the following for the next two questions. Customers are used to evaluate preliminary product designs. Whether or not
Use the following for the next two questions. Customers are used to evaluate preliminary product designs. Whether or not a product gets a good review is influenced by whether a product is considered a "highly successful" product, "moderately successful product or unsuccessful" product. The following tree diagram depicts this scenario: Good Review - Poor Review = 0.03 Highly Successful = 0.25 Mod Successful - 0.37 Good Review = 0.6 Unsuccessful Poor Review = 0.4 Good Review = 0.13 Poor Review = 0.87 In the past, 3% of Highly Successful products, 40% of moderately successful products and 87% of unsuccessful products received poor reviews. Of all products, 25% are highly successful and 37% are moderately successful Q. Among all products what is the chance a product is "Unsuccessful"? P(Unsuccessful) = [Select) Q. Given a product is highly successful, what is the chance they receives a good review? P/Good Review I highly successful) Select)
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