Mathematics, 23.03.2020 21:37 avery8626
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 75% of the successful bids and 40% of the unsuccessful bids the agency requested additional information. a. What is the prior probability of the bid being successful (that is, prior to the request for additional information)?
b. What is the conditional probability of a request for additional information given that the bid will ultimately be successful?
c. Compute the posterior probability that the bid will be successful given a request for additional information.
Answers: 1
Mathematics, 21.06.2019 19:00, abraham1366
Which values of p and q result in an equation with exactly one solution? px-43=-42x+q choose all answers that apply: a) p=-43 and q=-43 b) p=42 and q=43 c) p=43 and q=−42 d) p=42 and q=42
Answers: 1
Mathematics, 22.06.2019 01:30, mparra4761
Aresearch study is done to find the average age of all u. s. factory workers. the researchers asked every factory worker in ohio what their birth year is. this research is an example of a census survey convenience sample simple random sample
Answers: 2
A consulting firm submitted a bid for a large research project. The firm’s management initially felt...
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