Find the probability of being profitable

Reference no: EM131805275

Question: The probability of getting a patent is 0.6. If you get the patent, the conditional probability of being profitable is 0.9. However, given that you do not get the patent, the conditional probability of being profitable is only 0.3. Find the probability of being profitable. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131805275

Questions Cloud

Senior vice president of people operations for google : MOUNTAIN VIEW, Calif. - LAST June, in an interview with Adam Bryant of The Times, Laszlo Bock, the senior vice president of people operations for Google

What are the fixed and what are the variable costs : In the case description above, what are the fixed and what are the variable costs? Is John's financial goal realistic? Justify your judgment in light of data.

Discuss the importance of cultural sensitivity : A manager at your company overhears another employee who is Caucasian directing the N-word at an African-American employee.

What is the cost of goods manufactured for the year : Prepare a schedule of cost of goods manufactured and an income statement for the year. What is the cost of goods manufactured for the year

Find the probability of being profitable : The probability of getting a patent is 0.6. If you get the patent, the conditional probability of being profitable is 0.9.

Determining the dimensions of organizational culture : Nampak was a South African-owned bottle and plastics manufacturer with 600 factory workers and 80 managers in the United Kingdom.

Case study on national air express : National Air is a competitive air-express firm with offices around the country. Frank Smith, the Chattanooga, Tennessee, station manager

Provide the journal entries record the lease transaction : Provide the journal entries required on Jefferson's books to Record the lease transaction and the first lease payment

What is the probability of getting the prize if you switch : You are a contestant on a TV game show with five doors. There is just one prize behind one door, randomly selected. After you choose, the hosts deliberately.

User Account

All Pages