Question: i need help with this question can you please help thank you so much A retail store has 1400 customers registered under their loyalty program,

i need help with this question can you please help thank you so much

A retail store has 1400 customers registered under their loyalty program, which promotes only two levels: Standard, VIP. The store offers special discounts for students. The store currently has 800 VIP registered customers, 300 of whom are students. The store has a total of 700 customers registered as students. Calculate the following (Round the answer to 2 decimal places): The probability of a customer being a VIP member The probability of a customer being a student The probability of a customer being a VIP member OR a student The probability of a customer being a Standard member AND a student The probability of a customer being a Standard member OR a student If a given customer VIP, what is the probability of them being a student

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 Accounting Questions!

There are two questions are based on management accounting, please answer each question in each word file. thank you so much. Joe Murphy retired a few years ago at the age of 48, having built up a...

Read the case Hi Ho Silver at the end of Chapter 4 (I Included the relevant pages to answer this assignment at the bottom) After reviewing the case information, write a 2 to 3-page paper where you...

Hi I'm trying to figure out the formula for the inventory turnover of CVS in 2010. I know that is the cost of goods sold/ average income. In the statement I could see the cost of goods sold which is...

Hi, I'm trying to figure out how to determine the amount of Starbucksaccumulated depreciation at October 2, 2011. Since the accumulated depreciation is not recorded on their balance statement after...

Microsoft Word - ACCT2212 Group Assignment 2017.doc Analyse the financial statements for FY2008 and FY2009 using the analytical methods below and discuss any material red flags which may be revealed...

Based on the text material and the case material, answer the following questions: Who are Publixs competitors and why would they be likely to take action against Publix? How do you think Publix could...

I have attached the 10-K FORM of the focus company, The Container Store Group, Inc with the question. Please open the attachment PDF file of the 10- K FORM which i have enclosed with the question as...

5.5 - Discussion: Current Assets 1 Financial Statements AnalysisDirections Using the Annual Report of your selected company (WALMART) answer the following questions in the Discussion: What is the...

Attached is a homework for Finance. It is 4 questions and includes a link highlighted in yellow where one can get the financial information. Price is flexible, I just need a great grade on this hwk!...

Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What...

2-Methyl-2-pentanol can be made starting from two different ketone electrophiles using two different Grignard reagents: one from a lower molecular mass Grignard reagent and one from a higher...

Match the slope of the yield curve with the expected outcome. downward sloping inflation is expected to increase q , upward sloping inflation is high and expected to decline and the economy may...

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

1. If you were in Haywards position, how would you have handled the aftermath of the oil spill?

10. Does your organization maintain a committee charged with improving the working climate for all employees?

5. Do you receive a relatively equal number of opinions, feelings, and suggestions from all employees?