# Question: An accounting firm carries an advertisement in The Wall Street

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 Journal remember seeing the advertisement when questioned about it afterward. What percentages of the people in the firm's potential market see and remember the advertisement?

## Answer to relevant Questions

A quality control engineer knows that 10% of the microprocessor chips produced by a machine are defective. Out of a large shipment, five chips are chosen at random. What is the probability that none of them is defective? ...Researchers at Kurume University in Japan surveyed 225 workers aged 41 to 60 years and found that 30% of them were skilled workers and 70% were unskilled. At the time of survey, 15% of skilled workers and 30% of unskilled ...Recall from Chapter 1 that the median is that number such that one-half the observations lie above it and one-half the observations lie below it. If a random sample of two items is to be drawn from some population, what is ...Find the mean, variance, and standard deviation of the number of cars sold per day, using the probability distribution. X P(x) 0 ..... 0.1 1 ..... 0.1 2 ..... 0.2 3 ..... 0.2 4 ..... 0.3 5 ..... 0.1 Refer to problem 3-7. Suppose that hedge funds must withhold $300 million from the income of the manager and an additional 5% of the remaining income. Find the expected net income of a manager in this group. What property of ...Post your question