The probability that a stereo shop sells at least one amplifier on a given day is 75

Question:

The probability that a stereo shop sells at least one amplifier on a given day is 75 ; the probability of selling at least one CD player is .6; and the probability of selling at least one amplifier and at least one CD player is .5.

a. What is the probability that the stereo shop will sell at least one of the two products on a given day?

b. What is the probability that the stereo shop will sell at least one CD player, given that the shop sells at least one amplifier?

c. What is the probability that the stereo shop will sell at least one amplifier, given that the shop sells at least one CD player?

d. What is the probability that the shop sells neither of the products on a given day?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

Lets denote A Event that the shop sells at least one amplifier C Event that the shop sells at least ...View the full answer

Answered By

JAPHETH KOGEI

Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are: Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking, So, I look forward to helping you solve your academic problem. I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs. I travel three times a year either to the USA, Europe and around Africa. As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc). So, I look forward to tutoring you. I believe that it will be exciting to meet them.

3.00+ 2+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Mathematical Statistics For Economics And Business

ISBN: 9781461450221

2nd Edition

Authors: Ron C.Mittelhammer

See More Books

Question Posted: Feb 28, 2024 02:01 AM

See More Questions

The probability that a stereo shop sells at least one amplifier on a given day is 75

Question:

Step by Step Answer:

Lets denote A Event that the shop sells at least one amplifier C Event that the shop sells at least ...View the full answer

Mathematical Statistics For Economics And Business

Students also viewed these Business questions