A Turkish blogger posts many diabetic-friendly and gluten-free recipes on his Healthy Cooking blog. As the blog

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A Turkish blogger posts many diabetic-friendly and gluten-free recipes on his “Healthy Cooking” blog. As the blog administrator, he decides which healthy food advertisements should be allowed on his blog. The criteria for selection include that the product advertised needs to increase sale by 10% in the first three months. Of all the products advertised on the blog, 40% see an increase in sale in the first three months. Reviewing the yearly income, the blogger found that he earns a certain amount from 70% of the products that increased in sale in the first three months and from 30% of the products that did not. What is the probability that the product will increase in sale by 10% in the next three months given that the blogger received the compensation?

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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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