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Ques:-Two groups are competing for the …

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Ques:-Two groups are competing for the positions of the Board of Directors of a corporation. The probabilities that the first and second groups will win are 0.6 and 0.4 respectively. Further, if the first group wins, the probability of introducing a new product is 0.7 and the corresponding probability is 0.3 if the second group wins. Find the probability that the new product introduced was by the second group.
  • 1 answers

Kiley Jenner 6 years, 10 months ago

P(E1) =0.6 P(E2) =0.4 Let A be the event new product is introduced P(A/E1) =0.7 P(A/E2)=0.3 Now find P(E2/A) by baye's theorem =0.4×0.3/0.6×0.7+0.4×0.3
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