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(Read Reviews | Purchase) = 0.040 P(Did Not Purchase | Read Reviews) = 0.726 None of the answers are correct. O P(Purchase | Did Not Read Reviews) = 0.040 P(Did Not Read Reviews | Did Not Purchase) = 0.200

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 14CR
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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(Read Reviews | Purchase) = 0.040
P(Did Not Purchase | Read Reviews) = 0.726
None of the answers are correct.
P(Purchase | Did Not Read Reviews) = 0.040
P(Did Not Read Reviews | Did Not Purchase) = 0.200
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(Read Reviews | Purchase) = 0.040 P(Did Not Purchase | Read Reviews) = 0.726 None of the answers are correct. P(Purchase | Did Not Read Reviews) = 0.040 P(Did Not Read Reviews | Did Not Purchase) = 0.200
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