A group of medical professionals is considering the construction of a private clinic. If the medical demand is high (i.

probability of a favorable market given a favorable study = 0.82 probability of an unfavorable market given a favorable study == 0.18 probability of a favorable market given an unfavorable study = 0.11 probability of an unfavorable market given an unfavorable study = 0.89 probability of a favorable research study = 0.55 probability of an unfavorable research study = 0.45