1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serjik [45]
3 years ago
9

A consulting firm submitted a bid for a large research project. The firm's management initially felt they had a chance of gettin

g the project. However, the agency to which the bid was submitted subsequently requested additional information on the bid. Past experience indicates that for of the successful bids and of the unsuccessful bids the agency requested additional information. a. What is the prior probability of the bid being successful (that is, prior to the request for additional information) (to decimal)? b. What is the conditional probability of a request for additional information given that the bid will ultimately be successful (to decimals)? c. Compute the posterior probability that the bid will be successful given a request for additional information (to decimals).
Mathematics
1 answer:
Sauron [17]3 years ago
6 0

Answer:

Step-by-step explanation:

Dear student, the missing data in the given information includes that:

The past experience showcases that for 75% successful bids & 40% unsuccessful bids,  additional information is being requested by the agency.

∴

For a bid to be successful, the chance is half

Thus, the prior probability P(successful) is;

P(successful) = \dfrac{50}{50+50}

P(successful) = 0.5

The conditional probability is:

P(request/successful)= \dfrac{P(request  \& \ successful)  }{P(successful)}

P(request/successful)= 0.75

To compute the posterity probability, we use the Naive Bayes Theorem:

So,

Let S = successful, Us = Unsuccessful; R = request:

Then;

P(S/R) = \dfrac{P(R/S) *P(S)}{[P(R/s)* P(S) +P(R/Us) *P(Us)]}

P(S/R) = \dfrac{0.75*0.5}{0.75* 0.5 +0.40 *0.5]}

P(S/R) = \dfrac{0.375}{0.375 +0.20} \\ \\ P(S/R) = \dfrac{0.375}{0.575}

P(S/R) = 0.65

You might be interested in
What is the slope of the line?
KIM [24]

Answer:

Slope = -\frac{1}{3}

Step-by-step explanation:

6 0
3 years ago
Need help on this? Please help
Marysya12 [62]

parallel: g(x) = -5/3x + 1

perpendicular: h(x) = 3/5x - 5

neither: j(x) = 2x + 3

7 0
3 years ago
Evaluate if w = –2.1 and z = 5.7.<br> w – z – 4
Alex777 [14]
The answer will be -13.8
5 0
3 years ago
Read 2 more answers
Finding the geometric mean
grigory [225]

Answer:

To find the geometric mean of two numbers, just find the product of those numbers and take the square root!

Step-by-step explanation:

4 0
2 years ago
Is there anyone that can help me with this problem?
ipn [44]

Answer:

A

Step-by-step explanation:

mnp=wxy

8 0
3 years ago
Read 2 more answers
Other questions:
  • Write f(x) in the form (x-k)q(x)+r, given that k=-2. f(x)=3x^4+4x^3-10x^2+15
    5·1 answer
  • 88.83 is what percent of 21
    13·2 answers
  • Using 6 as one of the numbers, write a fact family with only two facts.
    5·2 answers
  • What is the prime factorization of 50?<br> 2x25<br> 2x5<br> 2x5²
    11·1 answer
  • What is algebraic expression/equation
    11·1 answer
  • 0.2 is what percent of 2?
    6·2 answers
  • There is no overlap between the graphs of y&lt; x+ 2 and y&gt; x-2.
    11·1 answer
  • A skateboard was reduced in price from $50 to 43 what was the percent decrease
    14·1 answer
  • Gina is comparing the membership fees for two museums. The art museum charges a one-time fee of $7.25 plus $3.50 per month. - Th
    9·1 answer
  • A number is chosen at random from 1 to 25. Find the probability of selecting
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!