Task 1: A company has been running a television advertisement for one of its new products. A survey was conducted. Based on its results, it was concluded that an individual buys the product with probability 56%, if he/she saw the advertisement, and buys with probability 8%, if he/she did not see it. Twenty-five percent of people saw the advertisement. a) Plot a tree diagram with probability for the problem above. b) What is the probability that a randomly selected individual will buy the new product? c) What is the probability that at least one of randomly selected five individuals will buy the new product?
Task 1: A company has been running a television advertisement for one of its new products. A survey was conducted. Based on its results, it was concluded that an individual buys the product with probability 56%, if he/she saw the advertisement, and buys with probability 8%, if he/she did not see it. Twenty-five percent of people saw the advertisement. a) Plot a tree diagram with probability for the problem above. b) What is the probability that a randomly selected individual will buy the new product? c) What is the probability that at least one of randomly selected five individuals will buy the new product?
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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