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Sonysung is considering marketing a new model of television. In the past, 4 0 % of the televisions introduced by the company have been successful
Sonysung is considering marketing a new model of television. In the past, of the televisions
introduced by the company have been successful and have been unsuccessful. Before introducing the
television to the marketplace, the marketing research department conducts an extensive study and releases
a report, either favorable or unfavorable. In the past, of the successful televisions had received a
favorable market research report and of the unsuccessful televisions had received a favorable report.
For the new model of television under construction, the market research department has issued a
favorable report. What is the probability that the television will be successful?
a Produce a probability tree on the above question.
b Use the tabular approach in Excel to answer the above question
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