Question: Q 2 ( 6 0 pts ) : An e - commerce company is preparing to launch a new product and wants to predict its
Q pts: An ecommerce company is preparing to launch a new product and wants to
predict its success based on four factors: product category tech or not target demographic
young adults or not brand reputation high or not and advertising budget high or not
The company has collected historical data from previous product launches and found the
following:
The probability of a product being successful depends on the brand reputation
and the advertising budget The product category and the target demographic
are independent of each other. The brand reputation is influenced by both the
product category and the target demographic The brand reputation and
the advertising budget are independent of each other.
Here are the findings from the company's historical data:
of the products belong to the tech category.
of the products target young adults.
of the products have a high advertising budget.
of tech products targeting young adults have a high brand reputation; of
tech products targeting other demographics have a high brand reputation; of non
tech products targeting young adults have a high brand reputation; of nontech
products targeting other demographics have a high brand reputation.
of the products with high brand reputation and a high advertising budget are
successful; of the products with high brand reputation and a low advertising
budget are successful; of the products with low brand reputation and a high
advertising budget are successful; of the products with low brand reputation and
a low advertising budget are successful.
Questions:
Construct a Bayesian network that represents the relationships between the variables
based on the given scenario, and write the corresponding probability distribution for
each node. Hint: Remember to normalize the probability distribution so that the sum
is equal to points
The company plans to launch a new nontech product targeting a demographic other
than young adults with a high advertising budget. What is the probability that the
product will be successful? points
The company is considering two different product launch scenarios, both with a high
advertising budget: Scenario : A tech product targeting young adults. Scenario
: A nontech product targeting a demographic other than young adults.
Compare the probabilities of success for these two scenarios. Which product has a
higher probability of success? points
Proof:
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