Sonysung is considering marketing a new model of television. In the past, 40% of the televisions introduced by thecompany have been successful and 60% have been unsuccessful. Before introducing the television to the marketplace,the marketing research department conducts an extensive study and releasea report, either favorable or unfavorable.In the past, 80% of the successful televisions had received a favorable market research report and 30% of theunsuccessful televisions had received a favorable report. For the new model of television under construction, the market research department has issued a favorable report. What is the probability that the television will be successful? a .Produce a probability tree on the above question. b. Use the tabular approach in Excel to answer the above question.
Sonysung is considering marketing a new model of television. In the past, 40% of the televisions introduced by thecompany have been successful and 60% have been unsuccessful. Before introducing the television to the marketplace,the marketing research department conducts an extensive study and releasea report, either favorable or unfavorable.In the past, 80% of the successful televisions had received a favorable market research report and 30% of theunsuccessful televisions had received a favorable report. For the new model of television under construction, the market
research department has issued a favorable report. What is the
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