A Company Is Considering Producing Some New Gameboy Electronic Games

question 107

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

• A)0.10
• B)0.90
• C)0.91
• D)0.63
• E)0.09

Grasp the concept of total cost of ownership and its components.

Identify the significance of replenishment lead time and lot size on inventory levels and costs.

Understand the categorization of production materials based on value/cost and criticality.

Acknowledge the strategies to mitigate the hockey stick phenomenon in sales.

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Definitions:

Fractions

Mathematical expressions representing the division of one quantity by another, indicating a part of a whole.

Equal

Having the same value, measure, or quantity as something else.

Precordial Electrode

Electrodes placed on the chest during an electrocardiogram (ECG) to record electrical activity of the heart.

Intercostal Space

The anatomical area between two ribs, which contains muscles, nerves, and blood vessels.