Assignment: Chapter 4 Assignment Assignment Score: 94.11% Save Submit Assignment for Grading Questions Exercise 04.41 Algo (Bayes Theorem) Question 11 of 17 > 9. Hint(s) Check My Work 10. 11. O A consulting firm submitted a bid for a large research project. The firm's management initially felt they had a 50-50 chance of getting the project. However, the agency to which the bid was submitted subsequently requested additional information on the bid. Past experience indicates that for 70% of the successful bids and 40% of the unsuccessful bids the agency requested additional information. 12. a. What is the prior probability of the bid being successful (that is, prior to the request for additional information) (to 1 decimal)? 13 A-Z 14. Answered Correctly D. what is the conditional probability of a request for additional information given that the bid will ultimately be successful (to 2 decimals)? 15 Office 0.70 16. c. Compute the posterior probability that the bid will be successful given a request for additional information (to 2 decimals). 17. 0.6363 A+ Hide Feedback Partially Correct Hint(s) Check My Work Icon Key Exercise 04.41 Algo (Bayes Theorem) Question 11 of 17 Save Submit Assignment for Grading /ilrn/takeAssignment/takeAssignmentMain.do?takeAssignmentSessionLocator=assignment-take,b0a7cf0b-df33-426b-bfb8-7d56692ce128#