Five percent of the customers who visit a website complete a product purchase. If one considers just the set of customers who completed the project purchase at the website, 80% read at least some of the user reviews about the product on the site. When considering those customers who did not purchase of the product at the website, only 20% of these potential customers read the user reviews about the product on the site. The website managers are interested in how customer review-reading behavior affects the likelihood of purchase. Which of the following probability statements are true? P(Purchase and Did Not Read Reviews) = 0.020 P(Did Not Purchase and Read Reviews) = 0.180 P(Purchase and Read Reviews) = 0.040 None of the answers are correct. P(Read Product Reviews) = 0.800

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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Five percent of the customers who visit a website complete a product purchase. If one considers
just the set of customers who completed the project purchase at the website, 80% read at least
some of the user reviews about the product on the site. When considering those customers who did
not purchase of the product at the website, only 20% of these potential customers read the user
reviews about the product on the site.
The website managers are interested in how customer review-reading behavior affects the likelihood
of purchase.
Which of the following probability statements are true?
P(Purchase and Did Not Read Reviews) = 0.020
P(Did Not Purchase and Read Reviews) = 0.180
P(Purchase and Read Reviews) = 0.040
O None of the answers are correct.
O P(Read Product Reviews) = 0.800
Transcribed Image Text:Five percent of the customers who visit a website complete a product purchase. If one considers just the set of customers who completed the project purchase at the website, 80% read at least some of the user reviews about the product on the site. When considering those customers who did not purchase of the product at the website, only 20% of these potential customers read the user reviews about the product on the site. The website managers are interested in how customer review-reading behavior affects the likelihood of purchase. Which of the following probability statements are true? P(Purchase and Did Not Read Reviews) = 0.020 P(Did Not Purchase and Read Reviews) = 0.180 P(Purchase and Read Reviews) = 0.040 O None of the answers are correct. O P(Read Product Reviews) = 0.800
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