A pet food company is considering advertising a new high-value pet food in a certain magazine. From
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Question:
A pet food company is considering advertising a new high-value pet food in a certain magazine. From surveys they have determined that 41 % of the readerships own a dog and 23% own a cat. 7% own both a cat and a dog.
If a reader of the magazine is selected at random;
(i) What is the probability that the selected reader owns a cat or a dog?
(ii) What is the probability that the selected reader owns a cat but not a dog?
(iii) What is the probability that the selected reader owns neither a cat nor a dog?
(iv) Supposing it is known that the selected reader owns a dog, what is the probability the reader owns a cat?
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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