Use the following for the next two questions. Customers are used to evaluate preliminary product designs. Whether or not
Posted: Wed May 11, 2022 8:46 am
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)