--%>

what is the probability that the film will be a flop

T.C.Fox, marketing director for Metro-Goldmine Motion Pictures, believes that the studio's upcoming release has a 60 percent chance of being a hit, a 25 percent chance of being a moderate success, and a 15 percent chance of being a flop. To test the accuracy of his opinion, T.C. has scheduled two test screenings. After each screening, the audience rates the film on a scale of 1 to 10, 10 being the best. From his long experience in the industry, T.C. knows that 60 percent of the time, a hit picture will receive a rating of 7 or higher; 30 percent of the time, it will receive a rating of 4, 5, or 6; and 10 percent of the time, it will receive a rating of 3 or lower. For a moderately successful picture, the respective probabilities are 0.30, 0.45, and 0.25; for a flop, the respective probabilities are 0.15, 0.35, and 0.50.

(a) If the first test screening produces a score of 6, what is the probability that the film will be a hit?

(b) If the first test screening produces a score of 6 and the second screening yields a score of 2, what is the probability that the film will be a flop (assuming that the screening results are independent of each other)?

   Related Questions in Mathematics

  • Q : Who independently developed

    Who independently developed a model for simply pricing risky assets?

  • Q : Explain a rigorous theory for Brownian

    Explain a rigorous theory for Brownian motion developed by Wiener Norbert.

  • Q : Containee problem For queries Q 1 and Q

    For queries Q1 and Q2, we say Q1 is containedin Q2, denoted Q1 C Q2, iff Q1(D) C Q2

  • Q : Formal Logic It's a problem set, they

    It's a problem set, they are attached. it's related to Sider's book which is "Logic to philosophy" I attached the book too. I need it on feb22 but feb23 still work

  • Q : Numerical solution of PDE i want you to

    i want you to solve this assignment. this consist of two parts theoretical and coding. the code has to be created by you. no modified or copying code. you have to mention the exact solution and the proportion error. also you have to explain the sketch that you get from the code. these information

  • Q : Explain lognormal stochastic

    Explain lognormal stochastic differential equation for evolution of an asset.

  • Q : Pig Game Using the PairOfDice class

    Using the PairOfDice class design and implement a class to play a game called Pig. In this game the user competes against the computer. On each turn the player rolls a pair of dice and adds up his or her points. Whoever reaches 100 points first, wins. If a player rolls a 1, he or she loses all point

  • Q : Explain trading of call options Explain

    Explain trading of call options.

  • Q : Abstract Boolean Algebra I. Boolean

    I. Boolean Algebra Define an abstract Boolean Algebra, B,  as follows:  The three operations are:  +   ( x + y addition) ( x y multiplic

  • Q : Problem on Fermats method A public key

    A public key for RSA is published as n = 17947 and a = 3. (i) Use Fermat’s method to factor n. (ii) Check that this defines a valid system and find the private key X.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1421301 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1942939
    Asked

    3,689

    Active Tutors

    1421301

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.