Question: Question s (6 points) [6 marks] In the late 80s, Mcdonald's debuted the McPizza at its restaurants. However, they stopped selling it by 2000. Since

Question s (6 points) [6 marks] In the late 80s, Mcdonald's debuted the McPizza at its restaurants. However, they stopped selling it by 2000. Since discontinuing the McPizza there have been many petitions asking for it's return. Mcdonald's set up a one-day pop-up shop to investigate if they should bring back McPizzas. The pop-up shop found that 26% of customers bought pizzas, 74% bought burgers, and 18% bought burgers & pizzas. a) [2 marks] Find the probability that a randomly selected customer bought pizza or burgers. b) [2 mark] If a customer bought burgers, what is the probability that they also bought pizzas? c) [2 marks] Consider the events, A: bought pizzas and B: bought burgers. Are A and B i) [1 mark] independent or dependent events? Explain. ii) [1 mark] mutually exclusive events? Explain

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!

You wish to sell short 100 shares of XYZ Corporation stock. If the last two transactions were at $34.10 followed by $34. 15, you only can sell short on the next transaction at a price of a. 34.10 or...

[6 marks] In the late 80s, Mcdonald's debuted the McPizza at its restaurants. However, they stopped selling it by 2000. Since discontinuing the McPizza there have been many petitions asking for it's...

Case 11 Equal Exchange: Doing Well by Doing Good1 Rev. Dr. Benita W. Harris Asbury United Methodist Church Frank Shipper, PhD Perdue School of Business, Salisbury University Karen P. Manz Author and...

These are what my teacher expects for a strategic analysis essay: "Strategic Case Analyses - Case studies provide important windows into the real problems that firms are trying to solve. Note, since...

2) For each of the following groups, discuss whether each was better-off or worse-off after the launch of Napster and why: 1) Consumers; 2) Super-star artists; 3) Unknown artists; 4) One of the big...

Fixing the payment system at Alvalade XXI: a case on IT project risk management Ramon O'Callaghan Tilburg University, The Netherlands Correspondence: AO'Callaghan, School of Economics and Business...

Rev.Confirming Pages C H A P T E R 7 Planning, Composing, and Revising Chapter Outline The Ways Good Writers Write Activities in the Composing Process Using Your Time Effectively Brainstorming,...

1. Analyze the financial and operational risks of Tesla and compare with its peers. 2. Carry out year on year change analysis and try to forecast Net Income to Q2 2021. I leave this to you to either...

now//You are asked to price some options on KYC stock. KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent,...

INTRODUCTION IKEA is one of the world's most successful global retailers. In 2007, IKEA had 300 home furnishing superstores stores in 35 countries and was visited by some 583 million shoppers.IKEA's...

1) Consider the following project information: ACT/ WP 1 2 3 4 5 6 7 Schedule information DUR ES 2 3 2 2 W|N 2 3 1 OOON325 Index 0 0 70 2889 88 20 60 50 40 30 LF SL 3 20 33260 10 5 5 10 10 10 5 9 5 5...

Repeat problem 176 for the bank assets data, shown in parentheses in the table at the bottom of the previous page. Menacing Loans Change in Bad Loans 12/06 vs. 12/05 Change in Provisions for Bad...

9 Evaluate with explanation the following statements, circle the appropriate response, and explain briefly. a. Suppose the control limits for a process are set at 3 standard deviations from the mean....

Walkenhorst Companys machining department prepared its 2010 budget based on the following data: Practical capacity .............40,000 units Machine hours per unit .......... 2 Variable factory...

Permabilt Corp. was incorporated on January 1, 2016, and issued the following stock for cask 4,000,000 shares of no-par common stock were authorized; 1,750,000 shares were issued on January 1, 2016....

Refer to DCdesserts.coms activity-based flexible budget in Exhibit 1l1l. Suppose that the companys activity in June is described as follows: Process hours ............... 7,500 Production runs...

Determine whether the following items included in Wong Company's January 2018 bank reconciliation will require adjustments on Wong's books and indicate the amount of any necessary adjustment. a....

Required Determine whether the following items included in Wong Companys January 2016 bank reconciliation will require adjusting or correcting entries on Wongs books. When an entry is required,...

Which information sources will consumers pay more attention to: a. Prior experiences, advertising, their own beliefs b. Advertising, prior experiences, online sources c. Online sources, their own...

=+5. What advantages does a CSR filter give to a company? If you were CEO of a firm, how would you go about implementing the CSR filter

=+4. Why are lifestyle brands more susceptible to CSR than companies that seek to differentiate their products with a business-level strategy of low cost?

=+6. Would you ever consider boycotting a certain brand or store because of the parent companys actions or stance on a particular issue? Illustrate with an example.