A marketing firm would like to test-market the name of a new energy drink targeted at 18- to 29-year-olds via social media. Suppose a study found that 36% of adults (18 and older) do not use social media. Suppose the percentage of adults age 30 and older is 75%. Suppose that the percentage of the adult population that is either age 18-29 or uses social media is 64%. What is the probability that a randomly selected adult is 18-29 and a user of social media? Your answer should be expressed as a number between 0 and 1, and it has to contain 2 decimal places.
A marketing firm would like to test-market the name of a new energy drink targeted at 18- to 29-year-olds via social media. Suppose a study found that 36% of adults (18 and older) do not use social media. Suppose the percentage of adults age 30 and older is 75%. Suppose that the percentage of the adult population that is either age 18-29 or uses social media is 64%. What is the probability that a randomly selected adult is 18-29 and a user of social media? Your answer should be expressed as a number between 0 and 1, and it has to contain 2 decimal places.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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