The average score on the Stats midterm was a 79 with a standard deviation of 6 points. Joseph's z score was 1. Ashley's z-score
1 answer:
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Answer:
1) he prior probability of the bid being successful (that is, prior to the request for additional information = 0.5
2) the conditional probability of a request for additional information given that the bid will ultimately be successful = 0.74
3) the posterior probability that the bid will be successful given a request for additional information = 0.65
Step-by-step explanation:
The concept of probability of success and failure was used as well the approach of bayes formular or posterior probability. Keeping in mind that P(Success) + P(Failure) = 1
The detailed steps is as shown in the attachment.
