There are three newspapers, Ana nova, Basildon and Champion. Each newspaper sells in 5 days in...

 

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There are three newspapers, Ana nova, Basildon and Champion. Each newspaper sells in 5 days in a week. The sales for newspaper at each day are shown in table below. Ana nova Basildon Champion Mon 150 140 110 Tue 70 80 65 Wed 20 18 21 Thur 25 22 16 Fri 35 30 35 Suppose that all customer buy exactly one newspaper i) ii) What is probability that a given customer (picked at random) buys on Monday? iii) iv) What is probability that given customer buys a Ana nova on Tue? Now suppose that every customer buys one newspaper, and at most one other newspaper; also assume that each newspaper is sold with equal probability. What is probability that a given customer buys just on Monday? Use Bayes' law to determine the probability a customer has bought Basildon given they bought on Wednesday. There are three newspapers, Ana nova, Basildon and Champion. Each newspaper sells in 5 days in a week. The sales for newspaper at each day are shown in table below. Ana nova Basildon Champion Mon 150 140 110 Tue 70 80 65 Wed 20 18 21 Thur 25 22 16 Fri 35 30 35 Suppose that all customer buy exactly one newspaper i) ii) What is probability that a given customer (picked at random) buys on Monday? iii) iv) What is probability that given customer buys a Ana nova on Tue? Now suppose that every customer buys one newspaper, and at most one other newspaper; also assume that each newspaper is sold with equal probability. What is probability that a given customer buys just on Monday? Use Bayes' law to determine the probability a customer has bought Basildon given they bought on Wednesday.

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i Probability that a given customer picked at random buys on Monday To find this probability we sum up the total sales on Monday for all newspapers and divide it by the total sales over all days Total ... View the full answer