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Customers are used to evaluate preliminary product designs. In the past, 90% of successful products received...

Customers are used to evaluate preliminary product designs. In the past,

90% of successful products received good reviews,

5% of unsuccessful products received good reviews.

In addition,

40% of products have been successful,

60% of products have been unsuccessful.

a. What is the probability that a product gets a good review?

b. If a new design gets a good review, what is the probability that it will be a successful product?

Math   Statistics-And-Probability   
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