-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Probability of Success of Happy Harrys Hamburgers
Question
Happy Harry's Hamburgers recently commissioned a top tier consulting company to develop a new location selection process. However, after receiving the first invoice from the consulting company, Happy Harry wasn't... happy that is, and he decided to cancel the remainder of the engagement.
Along with the invoice, the consulting company provided Happy Harry with the results of their study to date. The company had analyzed Happy Harry's previous location selections, categorizing them as huge successes, successes, or failures. Here is what they reported:
77.19 % of past locations were a success
17 % of past locations were a failure
Happy Harry was underwhelmed by this information. However, the company also applied a model it developed to Harry's past hugely successful, successful, and failed locations. Given a huge success, the model predicted success 93.5 % of the time. Given a success, the model predicted success 92.5 % of the time. Given a failure, the model predicted failure 77.5 % of the time.
Now what Happy Harry really wants to know is the probability of a success given a predicted success. So, give Harry a helping hand and calculate Pr{S|PS}:
Hint: To answer this problem, you will want to use your knowledge of complementary probabilities, conditional probabilities, Bayes' Theorem, and the law of total probabilities.
Thus the P(S|PS) = 0.3944
Summary
This question belongs to statistics and discusses about calculating the probability of a success.
Word count: NA
Download Full Solution
WHAT OUR STUDENTS SAY
I was a bad place with my electricity assignment and was not sure how to apply the laws to get the numerical assignments done. Then I came in contact of one of my seniors in my college who told me about HwA. The service I got here was awesome and more than giving me a A in my assignment they also treated me with respect and helped me learn a lot.
Nicola Watson Student
1. Earlier I used to find excuses for not doing my operations management homework, when Veronica, my friend told me about HwA and then everything fell into place. Starting from the inventory management assignments to the critical path measure problem solutions, their operations management tutors helped me get a straight A in all the homework.
Timothy Chapman Student
I had to choose my own research topic for my final year dissertation during my post graduate management course and I was really confused. I was not sure from where I can get a standard response matching the requirements of my New Zealand based university. I must admit that I was lucky to come across HwA as they have experts located in New Zealand who helped me with the assignment and more importantly helped me achieve grades, beyond expectation.
Fiona Nash Student
Dissertation paper completed on time and this credit completely goes to TheReliableTutor.com. Thank you so much guys, its only just because of you that I completed on time and got good job.
Austin Student
When after completing my High School I decided to pursue graduation degree in Physics, I never knew things would be this hard. In fact fourth semester onwards I was feeling the pinch. I am glad that I came across TheReliableTutor and had an opportunity to interact with their online Physics electricity Experts. They did not only help me with my Physics electricity Assignments but also at the same time helped me to gain confidence. Today, while I am pursuing my Master’s degree, I still take help with my assignments.
Chris Neale Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.