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? A.0.41 B.0.53 C.0.67 D.0.70 E.0.83
Let P(F) represent the probability that the network's shows have received a favorable response from viewers and P(U) represent the probability that the network's shows have received an unfavorable response from viewers.
The probability that this new show will be successful if it receives a favorable response can be rephrased as the conditional probability that this new show will be successful given it receives a favorable response represented by P(S \ F)