# Question

Your firm is planning a new style of advertising and figures that the probability of increasing the number of customers is 0.63, while the probability of increasing sales is 0.55. The probability of increasing sales given an increase in the number of customers is 0.651.

a. Draw a probability tree for this situation.

b. Find the probability of increasing both sales and customers.

c. If sales increase, what is the probability that the number of customers increases?

d. If sales do not increase, what is the probability that the number of customers increases?

e. Find the probability that neither customers nor sales increase.

a. Draw a probability tree for this situation.

b. Find the probability of increasing both sales and customers.

c. If sales increase, what is the probability that the number of customers increases?

d. If sales do not increase, what is the probability that the number of customers increases?

e. Find the probability that neither customers nor sales increase.

## Answer to relevant Questions

There are two locations in town (north and south) under consideration for a new restaurant, but only one location will actually become available. If it is built in the north, the restaurant stands a 90% chance of ...Your group has been analyzing quality control problems. Suppose that the probability of a defective shape is 0.03, the probability of a defective paint job is 0.06, and that these events are independent. a. Find the ...You’ve just put in a bid for a large communications network. According to your best information you figure there is a 35% chance that your competitors will outbid you. If they do outbid you, you figure you still have a 10% ...Your new firm is introducing two products, a bicycle trailer and a baby carriage for jogging. Your subjective probabilities of success for these products are 0.85 and 0.70, respectively. If the trailer is successful, you ...Continue to view this database as the sample space as in database exercise 1. a. Are the two events “training level A” and “training level B” independent? How do you know? b. Are the two events “training level A” ...Post your question

0