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A Company Is Considering Producing Some New Gameboy Electronic Games

question 107

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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 product will be successful if the market research indicates a success?


Definitions:

Faucet

A valve controlling the release of liquids, typically water, from a system of pipes.

Hand Hygiene

Practices to remove or kill microorganisms on the hands, which is considered the most important measure to prevent the spread of infections.

Contaminated Supplies

Medical or other supplies that have been exposed to pathogens or pollutants, rendering them unsafe for use.

Central Sterile

Refers to the department within a hospital or medical facility that is dedicated to the sterilization and preparation of medical equipment and instruments for surgery and other procedures.

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