You Estimate That the Chance of New Product Being Successful

question 3

Multiple Choice

You estimate that the chance of new product being successful is 0.8 - a marketing analyst (who is correct 65% of the time) gives a favourable opinion of your product. What should you revise your estimation of success to (as a percentage, 0 decimal places) ?

• A) 82%
• B) 84%
• C) 86%
• D) 88%

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Definitions:

Phalanges

The bones of the fingers and toes in human anatomy, crucial for grip, manipulation of objects, and locomotion.

Metacarpals

The five long bones found in the hand that connect the wrist to the fingers, playing a key role in hand movements.

Tarsals

A group of seven bones in the foot located between the lower leg bones and the metatarsals, contributing to foot structure and movement.

Fibula

A smaller of the two bones in the lower leg, situated on the lateral side of the tibia.