Question: 1. Please refer the table below to answer below questions: [2 Marks] Planned to purchase Actually placed order for Actually placed order for Total Product

1. Please refer the table below to answer below questions: [2 Marks] Planned to purchase Actually placed order for Actually placed order for Total Product A Product A - Yes Product A - No Yes 400 100 500 No 200 1300 1500 Total 600 1400 2000 1.A. Refer above table and find the joint probability of the people who planned to purchase and actually placed an order. [1 Mark] 1.B. Refer to the above table and find the joint probability of the people who planned to purchase and actually placed an order, given that people planned to purchase. [1 Mark]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

1. Question: Please refer the table below to answer below questions: Planned to purchase Product A Actually placed and order for Product A - Yes Actually placed and order for Product A - No Total Yes...

please help me with these questions thank you QUESTION 1 In conjunction with the housing foreclosure crisis of 2009, many economists expressed increasing concern about the level of credit card debt...

JBR-07575; No of Pages 12 Journal of Business Research xxx (2012) xxx-xxx Contents lists available at SciVerse ScienceDirect Journal of Business Research Organizational innovation as an enabler of...

You must answer FIVE (5) questions. (Total 100 marks) Question 1 Please refer to the attached financial statements for Noble Group Limited for the financial year ended December 31, 2009 which also...

Please open the attached file and answer only questions 9 and 10. one and ahalf page ISSUES IN ACCOUNTING EDUCATION Vol. 27, No. 2 2012 pp. 441-459 American Accounting Association DOI:...

Use the Company NextEra Energy (stock Symbol NEE) to answer the following questions. Estimate Capital Structure (25 points) - Estimate the firms weights of debt, preferred stock, and common stock...

Hi, I'm looking for helpwith the following questions posted below. Any help you can provided would be greatly appreciated as I have been having a difficult time understanding cash flows which makes...

The managing director of the firm has asked you to investigate products in various categories. The products will be sourced in China, shipped to the US and sold via Amazon.com. The suppliers of the...

ABSTRACT Experiences of applying SPC techniques to software development processes are described. Several real examples to apply SPC in Hitachi Software are given. Measures, control charts, and...

Hello, Please help me with the tax return problem, also please attach the form to the answer thanks AC 331 Federal Tax Problem This problem will serve as a grade for AC 331. This problem is due...

Give an example where (f (x) + g(x)) exists but neither f(x) nor g(x) exists. lim

(a) Find the radius of the circle if its sector with a central angle = radian has an area A = 9m2. (b) A cars wheels are 70cm in diameter. What is the sppeed of the car, in km/hour, if the wheels...

What is adware? a special class of adware that collects data about the user and transmits it over the Internet without the user's knowledge or permission experts in technology who use their knowledge...

In making products and services available to consumers, members of the marketing channel perform many key functions. List the eight key functions performed by marketing channel members.

11. What is meant by the statement, as observers of social reality, we are always part of this reality?.

13. Give four examples of psychological Maginot lines.

10. What is meant by the statement, it is the expectation that something will happen that creates actions?.