A company is about to launch a new cell phone model. In the past, 40% of its cell phones have launched successfully. Before any cell phone is launched, the company conducts market research and receives a report predicting favorable or unfavorable sales. In the past, 70% of successful cell phones and 20% of unsuccessful cell phones received favorable reports.
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Answer:
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Answer:
Hence, the probability is:
0.70
Step-by-step explanation:
Let x be the total cell phones.
Let A denote the event of cell phone will receive a favorable report.
B denote the event that the cell phone is launched successfully.
Now we have to find the probability:
P(A|B)
We know that P(A|B) is calculated as:
P(A|B)=\dfrac{P(A\bigcap B)}{P(B)}P(A∣B)=
P(B)
P(A⋂B)
Now it is given that:
40% of its cell phones have launched successfully.
i.e. P(B)=0.4xP(B)=0.4x
( Since,
\dfrac{40}{100}\times x=0.4x
100
40
×x=0.4x
Also,
In the past, 70% of successful cell phones and 20% of unsuccessful cell phones received favorable reports.
So, Number of successfully launched+favorable cell phones is successful are:
40% of 70% of the total cell phones.
i.e.
P(A\bigcap B)=\dfrac{70}{100}\times \dfrac{40}{100}\times xP(A⋂B)=
100
70
×
100
40
×x
Hence, the probability P(A|B) is:
\begin{gathered}\dfrac{\dfrac{40}{100}\times \dfrac{70}{100}\times x}{\dfrac{40}{100}\times x}\\\\\\\\=\dfrac{70}{100}=0.70\end{gathered}
100
40
×x
100
40
×
100
70
×x
=
100
70
=0.70
[/tex]
Hence, the probability is:
0.70
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