Question: The projected probability of increase in online holiday sales from
The projected probability of increase in online holiday sales from 2004 to 2005 is 95% in the United States, 90% in Australia, and 85% in Japan. Assume these probabilities are independent. What is the probability that holiday sales will increase in all three countries from 2004 to 2005?
Answer to relevant QuestionsDefine the probability of an event. In problem 2-31, are the events "hospitalization" and "the claim being from the Midwest" independent of each other? When one is randomly sampling four items from a population, what is the probability that all four elements will come from the top quartile of the population distribution? What is the probability that at least one of the four ...An import-export firm has a 0.45 chance of concluding a deal to export agricultural equipment to a developing nation if a major competitor does not bid for the contract, and a 0.25 probability of concluding the deal if the ...A market research field worker needs to interview married couples about use of a certain product. The researcher arrives at a residential building with three apartments. From the names on the mailboxes downstairs, the ...
Post your question