# Question: A financial service company advertises its services in magazines runs

A financial service company advertises its services in magazines, runs billboard ads on major highways, and advertises its services on the radio. The company estimates that there is a 0.10 probability that a given individual will see the billboard ad during the week, a 0.15 chance that he or she will see the ad in a magazine, and a 0.20 chance that she or he will hear the advertisement on the radio during the week.

What is the probability that a randomly chosen member of the population in the area will be exposed to at least one method of advertising during a given week?

What is the probability that a randomly chosen member of the population in the area will be exposed to at least one method of advertising during a given week?

**View Solution:**## Answer to relevant Questions

An accounting firm carries an advertisement in The Wall Street Journal. The firm estimates that 60% of the people in the potential market read The Wall Street Journal; research further shows that 85% of the people who read ...The probability that a bank customer will default on a loan is 0.04 if the economy is high and 0.13 if the economy is not high. Suppose the probability that the economy will be high is 0.65. What is the probability that the ...For the United States, automobile fatality statistics for the most recent year of available data are 40,676 deaths from car crashes, out of a total population of 280 million people. Compare the car fatality probability for ...Find the mean, variance, and standard deviation of the random variable. x .... P(x) 0 ..... 0.01 1 ..... 0.09 2 ..... 0.30 3 ..... 0.20 4 ..... 0.20 5 ..... 0.10 6 ..... 0.10 Management of an airline knows that 0.5% of the airline's passengers lose their luggage on domestic flights. Management also knows that the average value claimed for a lost piece of luggage on domestic flights is $600. The ...Post your question