Question: Please help answer following question A department store is developing a new advertising campaign for their new location in a different region. and their marketing

Please help answer following question

A department store is developing a new advertising campaign for their new location in a different region. and their marketing managers need to understand their target market better. A survey of adult shoppers found the probabilities that an adult would shop at their new store classied by age is shown in the contingency table. Complete parts a through d. a Click the icon to view the contingency table. a] What is the probability that a survey respondent will shop at the new store? The probability is . (Type an integer or a decimal. Do not round.) b] What is the probability that a survey respondent will shop at the store given that they are younger than 20 years old? The probability is (Round to two decimal places as needed.) o Contingency table - c) What is the probability that a survey respondent who is older than 40 shops at the store? The probability is . (Round to two decimal places as needed.) Shop a d] What is the probability that a survey respondent is younger than 20 or will shop at the store? Age Yes No Total The probability is D. 2; 2:0 3:: 33: 3:: (Round to two decimal places as needed.) _ ' ' ' >40 0.13 0.24 0.3]r Total 0.63 0.3? 1.00 Print Done
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
