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Homework answers / question archive / The editor of a textbook publishing company is trying to decide whether to publish a proposed business statistics textbook
The editor of a textbook publishing company is trying to decide whether to publish a proposed business statistics textbook. Information on previous textbooks published indicate that 10% are huge? successes, 20% are modest? successes, 50% break? even, and 20% are losers.? However, before a publishing decision is? made, the book will be reviewed. In the? past, 97% of the huge successes received favorable? reviews, 60% of the moderate successes received favorable? reviews, 40% of the? break-even books received favorable? reviews, and 20% of the losers received favorable reviews.
