Dead Pan, a video game developer, has a 70% chance of developing a profitable video game. The
Fantastic news! We've Found the answer you've been seeking!
Question:
Dead Pan, a video game developer, has a 70% chance of developing a profitable video game. The company’s management is considering a new game and assesses the probability of developing a profitable game based on market research. In the past, 90% of their profitable games had been correctly predicted to be profitable by market research. At the same time, 20% of their failed games had also been predicted to be profitable by market research.
What is the probability that a profitable game will be predicted and the game will actually fail?
Related Book For
Experiencing MIS
ISBN: 978-0133153934
3rd Canadian Edition
Authors: David M. Kroenke, Andrew Gemino, Peter Tingling
Posted Date: