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Management Science

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Issue:

Business

 

Written by:

Patricia S

 

Date added:

March 26, 2015

 

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Grade:

B

 

No of pages / words:

2 / 281

 

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2203 times

 

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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...
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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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