Respuesta :
Answer: $9,000,000
Step-by-step explanation:
Probability is simply defined as the chance or likelihood that an event is going to happen or occur.
The probability that script 1 will be a success, but its sequel will not is the success of script 1 added to the failure of its sequel.
The total payoff will simply be the sum of the individual layoffs of both the success and the failure. This will be:
= $10,000,000 + (- $1,000,000)
= $10,000,000 - $1,000,000
= $9,000,000
Using conditional probability, it is found that there is a 0.14 = 14% probability that script 1 will be a success, but its sequel will not.
Conditional Probability
[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]
In which
- P(B|A) is the probability of event B happening, given that A happened.
- [tex]P(A \cap B)[/tex] is the probability of both A and B happening.
- P(A) is the probability of A happening.
In this question:
- Event A: Script 1 is a sequel.
- Event B: It's sequel is not.
- Sequel 1 has a 70% probability of being a success, hence [tex]P(A) = 0.7[/tex].
- If it is a success, the sequel has a 80% probability of being a success, hence a 20% probability of being a failure, thus [tex]P(B|A) = 0.2[/tex]
Then:
[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]
[tex]P(A \cap B) = P(A)P(B|A)[/tex]
[tex]P(A \cap B) = 0.7(0.2)[/tex]
[tex]P(A \cap B) = 0.14[/tex]
0.14 = 14% probability that script 1 will be a success, but its sequel will not.
A similar problem is given at https://brainly.com/question/14398287
