Dead Pan, a video game developer, has a 70% chance of developing a profitable video game. The
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Dead Pan, a video game developer, has a 70%
chance of developing a profitable video game. The company’s management is considering a new game and assesses the probability of developing a profitable game based on market research. In the past, 90% of their profitable games had been correctly predicted to be profitable by market research. At the same time, 20% of their failed games had also been predicted to be profitable by market research. What is the probability that a profitable game will be predicted and the game will actually fail?
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Related Book For
Quantitative Analysis For Management
ISBN: 9781292217659
13th Global Edition
Authors: Barry Render, Ralph M. Stair, Michael Hanna, Trevor Hale
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