A Company Is Considering Producing Some New Gameboy Electronic Games

question 102

Multiple Choice

A company is considering producing some new Gameboy electronic games.Based on past records, management believes that there is a 70 percent chance that each of these will be successful and a 30 percent chance of failure.Market research may be used to revise these probabilities.In the past, the successful products were predicted to be successful based on market research 90 percent of the time.However, for products that failed, the market research predicted these would be successes 20 percent of the time.If market research is performed for a new product, what is the probability that the results indicate an unsuccessful market for the product and the product is actually successful?

• A)0.63
• B)0.06
• C)0.07
• D)0.24

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Definitions:

Inhibition

The process of suppressing or restraining a behavioral or biological response.

Stimulants

Substances that increase activity in the brain and body, often enhancing alertness, attention, and energy.

Mirror Neurons

Neurons that fire both when an individual acts and when the individual observes the same action performed by another, contributing to empathy and understanding.

Neurotransmitter

Chemical messengers used by the nervous system to transmit messages between neurons or from neurons to muscles.