Question: 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

Complete using the Bayesian Visual Tool.

Using the information in the scenario, calculate the following: Category 1: X% Category 2: Y% Category 1 Category 2 Prior Pro

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

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

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