Let : First group
S : Second group
: Introducing a new product
We want to find , i.e. new product introduced by the second group
Conclusion: Therefore, the probability of the second group introduced a new product is
Two groups are competing for the positions on the board of directors of a corporation. The probabilities that the first and the second groups will win are and , respectively. Further, if the first group wins, the probability of introducing a new product is , and when the second groups win, the corresponding probability is . Find the probability that the new product introduced was by the second group.
Two groups are competing for the positions on the board of directors of a corporation. The probabilities that the first and the second groups will win are and , respectively. Further, if the first group wins, the probability of introducing a new product is , and when the second groups win, the corresponding probability is . Find the probability that the new product introduced was by the second group.