Question 10 Table 5 Medium price High price 55 15 Low Price High quality 65 Low quality 40 80 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 v ?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
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Question 10
Table 5
Low Price Medium price High price
High quality 65
Low quality 40
55
15
80
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
v ?
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
Transcribed Image Text:Question 10 Table 5 Low Price Medium price High price High quality 65 Low quality 40 55 15 80 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 v ? 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
Question 10
Table 5
Low Price
Medium price High price
High quality 65
Low quality 40
55
80
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 0.35
0.15
0.60
3) What is the probability of selecting a low quality or high price pro
0.28
0.73
4) Given a client selects high quality, what is the probability of seled 3.33
lium price product
v ?
0.95
Transcribed Image Text:Question 10 Table 5 Low Price Medium price High price High quality 65 Low quality 40 55 80 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 0.35 0.15 0.60 3) What is the probability of selecting a low quality or high price pro 0.28 0.73 4) Given a client selects high quality, what is the probability of seled 3.33 lium price product v ? 0.95
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