1.

Two groups are competing for the position on the board of directors of a corporation. The probability that the first and the second groups will win are 0.6 and 0.4, respectively. Further, if the first group wins the probability of introducing a new product is 0.7 and the corresponding probability is 0.3, if the second group wins. Find the probability that the new product introduce was by the second group.

Answer»

Two groups are competing for the position on the board of directors of a corporation. The probability that the first and the second groups will win are 0.6 and 0.4, respectively. Further, if the first group wins the probability of introducing a new product is 0.7 and the corresponding probability is 0.3, if the second group wins. Find the probability that the new product introduce was by the second group.



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