Answer: Our required probability is 0.7241.
Step-by-step explanation:
Since we have given that
Probability that new product have been successes P(S) = 60%
Probability that new product have not been successes P(F) = 40%
Probability that their successful products were predicted to be successes = P(A|S)=70%
Probability that their failed products were predicted to be successes =P(A|F) = 40%
So, Probability that this new camera phone will be successful if its success has been predicted is given by
Hence, our required probability is 0.7241.
