Find revised probability of successful music store


Before the marketing research study was done, John Colorado thought there was a 50/50 chance that his music store would be the success. Research team found that there is a 0.9 probability that marketing research will be favorable given successful music store. There is also a 0.8 probability that marketing research will be unfavorable given the unsuccessful music store.

i) If marketing research is favorable, find revised probability of the successful music store?

ii) If marketing research is unfavorable, find revised probability of the successful music store?

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Mathematics: Find revised probability of successful music store
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