Complete using the Bayesian Visual Tool.

Based on the provided information, evaluate the certainty of the product's success given the market probabilities updated by evidence from the prediction track record.

-55% probability of growth market

-45% probability of stagnant market

-40% of products predicted to be a success actually were successful in a growth market

-15% of products predicted to be a success actually were successful in a stagnant market

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Using the information in the scenario, calculate the following: Category 1: X% Category 2: Y% Category 1 Category 2 Prior Y Probability New Evidence Indicate analysis Indicate analysis based on new Updated Probability based on new evidence evidence Using the information in the scenario, calculate the following: Category 1: X% Category 2: Y% Category 1 Category 2 Prior Y Probability New Evidence Indicate analysis Indicate analysis based on new Updated Probability based on new evidence evidence

Answer rating: 100% (QA)

Using the information in the scenario calculate ... View the full answer