.3333... = 1/3. What is .23232323... = as a fraction?
1 answer:
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Answer: Our required probability is 0.7273.
Step-by-step explanation:
Since we have given that
Actually successful Actually failure Total
Predicted successful 0.4 0.15 0.55
Predicted failure 0.1 0.35 0.45
Total 0.5 0.50 1
Probability that the market research firm would predict that it would be success.
P(Actual success|Predicted success) is given by
Hence, our required probability is 0.7273.