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A Company Is Considering Producing Some New Gameboy Electronic Games

question 51

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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 a successful market for the product and the product actually is successful?


Definitions:

Higher-intensity Exercise

Physical activity performed at a vigorous effort level, significantly elevating heart rate and enhancing cardiorespiratory fitness.

Total Calories

The overall amount of energy, measured in calories, provided by the consumption of food and drink.

Total Fat

Refers to the sum of all the different types of fat in a food or diet, including saturated, unsaturated, and trans fats.

Cross Training

A training routine that involves several different types of exercise to improve overall performance.

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