Suppose That an Actual (Not Perfectly Reliable)market Research Report Has

question 18

Essay

Suppose that an actual (not perfectly reliable)market research report has the following characteristics based on historical data: if the program is actually going to be a hit,there is a 90% chance that the market researchers will predict the program to be a hit,and if the program is actually going to be a flop,there is a 20% chance that the market researchers will predict the program to be a hit.Given this information,what are the posterior probabilities that a show will be a hit or a flop,given the market research report?

---

Definitions:

Difficulty Breathing

A condition where an individual experiences discomfort or effort in breathing, indicating potential respiratory issues.

Lying Down

The act of positioning oneself horizontally, typically on a surface like a bed or the ground, for rest or relaxation.

Epiglottis

The Epiglottis is a leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, that prevents food and liquid from entering the windpipe during swallowing.

Pleural Effusion

A buildup of fluid within the pleural cavity.