Brainly Geniuses I need your help
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Two groups are competing for the position on boards of directors of a corporation .
the probability that the first group and the second group will win are 0.6 and 0.4 respectively.
father is the first group wins the probability of introducing a new product is 0.7 and the corresponding probability is 0.3 if the second group wins .
find the probability that the new product introduced was bye second group .
Answers
This is the question of Baye's Theorem
Solution ::-)
When there is a competition between the groups for getting position in boards of directors of a corporation.
Let E1 and E2 be the events that first and second group wins respectively.
So,
P(E1) = 0.6
P(E1) = 0.6P(E2) = 0.4
Let A be the event that a new product is introduced.
So,
Hence probability that a new product is introduced by second group
i.e.
Which is the required probability.
Answer:
Given :-
- Two groups are competing for the position on boards of directors of a corporation. The probability that the first group and the second group will win are 0.6 and 0.4 respectively. The first group wins the probability of introduction a new product is 0.7 and the corresponding probability is 0.3 if the second group wins.
To Find :-
- What is the probability that the new product introduce by the second group.
Solution :-
Let, the E₁ be the first group wins.
Then, E₂ be the second group wins
And, the E will be the new product introduce.
Then,
= Probability that the first group wins :
⇒
➦
= Probability that the second group wins :
⇒
➦
= Probability of introduction a new product if the first group wins :
⇒
➦
= Probability of introduction a new product if the second group wins :
⇒
➦
Then, the required probability that the new product is introduced by the second group is P(E₂ | E).
Now, by using Baye's Theorem we get,
↦
↦
↦
↦
↦
↦
➠
The probability that the new product introduce by the second group is .