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...
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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 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  ?

4) Given a client selects high quality, what is the probability of selecting a medium price product

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