Questions 4-5 deal with the following information: GloboSnax has an overall 20% success rate when introducing new products. (Suppose success here means a product achieves a certain target market share within 2 years of its introduction.) Before roll-out, a secret forecasting committee assesses each new product, and calls it a \"winner\" or \"loser.\" In the past, the committee has done reasonably well in distinguishing between successful and unsuccessful products: 0 90% of products that went on to succeed were correctly called \"winners\" by the committee. 0 70% of products that went on to fail were correctly called \"losers\" by the committee. A new product, CocoChips is evaluated and labeled a \"winner\" by the committee. 4. (5 pts) Based on the information available, calculate the probability that CocoChips will succeed, given the \"winner\" classication from the forecasting committee. (Hint: you can use a 2x2 table, and/or Bayes Rule formula to help compute your answer.)