Select the correct answer. A company is about to launch a

Last updated: 7/29/2022

Select the correct answer. A company is about to launch a new cell phone model. In the past, 40% of its cell phones have launched successfully. Before any cell phone is launched, the company conducts market research and receives a report predicting favorable or unfavorable sales. In the past, 70% of successful cell phones and 20% of unsuccessful cell phones received favorable reports. What is the probability that the new cell phone will receive a favorable report, given that the cell phone launch is successful? A. 0.45 B. 0.54 C. 0.64 D. 0.70