To improve her decision-making capability, the electronics products manufacturer in Exercise 22.16 performs a survey of potential buyers of compact disc players. She describes the product to 25...

To improve her decision-making capability, the electronics products manufacturer in Exercise 22.16 performs a survey of potential buyers of compact disc players. She describes the product to 25 individuals, 3 of whom say they would buy it. Using this additional information together with the prior probabilities, determine whether the new product should be produced.