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Contact [7]
3 years ago
6

How are dot plots, bar graphs, and histograms used to analyze data?

Mathematics
1 answer:
olganol [36]3 years ago
8 0
To Visualize data changes/trends over time.
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The price of a can of soup was $0.64. The price increased to $0.72. What was the approximate percent increase in price? Show you
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A company plans to launch a new product. They have traditionally had a 60% success rate with the launch of new products. Market
Juliette [100K]

Answer:

The probability that the product will be successfully launched given that the market test result comes back negative is 0.30.

Step-by-step explanation:

Denote the events provided as follows:

<em>S</em> = a product is successfully launched

<em>P</em> = positive test market result

The information provided is:

P (S) = 0.60

P (P | S) = 0.80

P (P | S') = 0.30

Then,

P (P' | S) = 1 - P (P | S) = 1 - 0.80 = 0.20

P (P' | S') = 1 - P (P | S') = 1 - 0.30 = 0.70

Compute the probability of positive test market result as follows:

P(P)=P(P|S)P(S)+P(P|S')P(S')

         =(0.80\times 0.60)+(0.30\times 0.40)\\\\=0.48+0.12\\\\=0.60

The probability of positive test market result is 0.60.

Then the probability of negative test market result is:

P (P') = 1 - P (P)

        = 1 - 0.60

        = 0.40

Compute the probability that the product will be successfully launched given that the market test result comes back negative as follows:

P(S|P')=\frac{P(P'|S)P(S)}{P(P')}

             =\frac{0.20\times 0.60}{0.40}\\\\=0.30

Thus, the probability that the product will be successfully launched given that the market test result comes back negative is 0.30.

6 0
3 years ago
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