A television network is about to telecast a new television show. Before a show is launched, the network airs a pilot episode and receives a report assessing favorable or unfavorable viewer response. In the past, 60% of the network's shows have received a favorable response from viewers, and 40% have received an unfavorable response. If 50% of the network’s shows have received a favorable response and have been successful, and 30% of the network’s shows have received an unfavorable response and have been successful, what is the probability that this new show will be successful if it receives a favorable response. (A).41, (B).53, (C).67, (D).70, (E).83
Well, we know that in the past 60 % of the shows has favorable response and currently we have 50% network that receive the favorable response, the probability of the new show to receive favorable response would be :
50/60 = 0.83
Hope this helps
Answer:
(E) 0.83
Step-by-step explanation:
We will solve it using conditional probability.
Let A be the event that a TV show is successful.
P(A) = 0.5
A' be event that the show is unsuccessful
P(A') =0.5
Let B be the event that the response was favorable
P(B) = 0.6
Let B' be the event that the response was unfavorable/
P(B') = 0.4
P(A∩B) = 0.5 and P(A∩B') = 0.3
We need to find new show will be successful if it receives a favorable response.
P(A/B) = \(\frac{P(A∩B)}{P(B)}\)
= 0.5/0.6
= 0.833