Multiple Choice
Use the information below to answer the following question(s)
Misty Inc. launches a new range of perfumes for men and women. The probability of high consumer demand for the product is 0.6 and low consumer demand is 0.4. The probability of a favorable survey response given high consumer demand is 0.9 and the probability of a favorable survey response given low consumer demand is 0.2.
-What is the likelihood for high demand knowing that the market report is favorable?
A) 84%
B) 90%
C) 87%
D) 80%
Correct Answer:

Verified
Correct Answer:
Verified
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