Management Science
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Title: Management Science

Essay Details:

Subject: Business
Author: Thomas F
Date: August 2, 2013
Level: University
Grade: A
Length: 1 / 281

Essay text:

A noted wine critic has offered her opinion of the vintage in question (she rates wines as either drinkable or dumpable). In the past, you have disagreed with her ?§drinkable?? choices (hated a wine she liked) only 8% of the time, while you have agreed with her ?§drinkable?? choices 87% of the time. Use the table to calculate the final probabilities of the wine being acceptable if you choose to consult the wine critic, and then answer the specific questions shown below. Show all calculations to three decimal places. Sj P(Sj) P(I1|Sj) P(I1?xSj) P(Sj|I1) Drinkable 90% 87% .783 .999 Dumpable 10% 8% ...

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