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A television network is about to telecast a new television show. Before a show is launched, the network airs a pilot episode and receives a report assessing favorable or unfavorable viewer response. I
A television network is about to telecast a new television show. Before a show is launched, the network airs a pilot episode and receives a report assessing favorable or unfavorable viewer response. In the past, 60% of the network's shows have received a favorable response from viewers, and 40% have received an unfavorable response. If 50% of the network’s shows have received a favorable response and have been successful, and 30% of the network’s shows have received an unfavorable response and have been successful, what is the probability that this new show will be successful if it receives a favorable response?
