1) What is the probability of randomly selecting a low price product ? 2) What is the probability of selecting a low quality product and high price ? 3) What is the probability of selecting a low quality or high price product ?
1) What is the probability of randomly selecting a low price product ? 2) What is the probability of selecting a low quality product and high price ? 3) What is the probability of selecting a low quality or high price product ?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 19E: Suppose a die is rolled 4 times. a. Find the probability distribution for the number of times 1 is...
Related questions
Question
Table 5
|
Low Price |
Medium price |
High price |
|
High quality |
65 |
55 |
80 |
|
Low quality |
40 |
15 |
45 |
|
|
|
|
|
|
Using table 5 above
1) What is the
2) What is the probability of selecting a low quality product and high price ?
3) What is the probability of selecting a low quality or high price product ?
4) Given a client selects high quality, what is the probability of selecting a medium price product
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