6

JR Enterprises has collected information regarding past experiences involving predictive reports about the future.

Overall, JR has experienced favorable outcomes in 50% of past, similar instances. So, the scenarios they face are highly uncertain.

In the past, when JR has experienced favorable outcomes, predictive reports had said "green light" 90% of the time.

In the past, when JR had experienced unfavorable outcomes, predictive reports had said "red light" 60% of the time.

"Green light" suggests they should go forward with the initiative. "Red light" suggests they should NOT go forward with the initiative.

Which of the following statements are true regarding CONDITIONAL PROBABILITIES that could be calculated using the provided information?

(Mark all that apply.)

1

A The likelihood of an unfavorable outcome, given a "green light" report is 14.3%

B The likelihood of a favorable outcome, given a "red light" report, is 30.8%.

C The likelihood of receiving a "red light" report, given an unfavorable outcome is 60%.

D The likelihood of receiving a "green light" report, given a favorable outcome is 90%.

E The likelihood of a favorable outcome, given a "green light" report, is 69.2%

F The likelihood of an unfavorable outcome, given a "red light" report, is 85.7%.