Lean manufacturing applies only to processes that create goods

The evaluation technique is a classification of a projective technique used in marketing research

Indicate whether the statement is true or false

A company is considering producing some new Gameboy electronic games. Based on past records, management believes that there is a 70 percent chance that each of these will be successful, and a 30 percent chance of failure

Market research may be used to revise these probabilities. In the past, the successful products were predicted to be successful based on market research 90 percent of the time. However, for products that failed, the market research predicted these would be successes 20 percent of the time. If market research is performed for a new product, what is the probability that the product will be successful if the market research indicates a success? A) 0.10 B) 0.90 C) 0.91 D) 0.63 E) 0.09