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A project manager estimates that there is 0.3 probability that the time to complete a project will exceed the deadline. Subsequently he receives a forecast
A project manager estimates that there is 0.3 probability that the time to complete a project will exceed the deadline. Subsequently he receives a forecast from a project planning tool. This suggests that the deadline will be exceeded. In the past the tool has given this forecast on 90% of occasions when the deadline has been exceeded and on 20% of occasions when it has not. The posterior probability of the deadline being exceeded is:
a. 0.30
b. 0.66
c. 0.27
d. 0.41
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