Purchase of a product The market research department at a manufacturing plant determines that 20 % of the people who purchase the plant’s product during any month will not purchase it the next month. On the other hand, 30 % of the people who do not purchase the product during any month will purchase it in the next month. In a population of 1000 people, 100 people purchased the product this month. How many will purchase the product (a) next month and (b) in 2 months?
Purchase of a product The market research department at a manufacturing plant determines that 20 % of the people who purchase the plant’s product during any month will not purchase it the next month. On the other hand, 30 % of the people who do not purchase the product during any month will purchase it in the next month. In a population of 1000 people, 100 people purchased the product this month. How many will purchase the product (a) next month and (b) in 2 months?
Solution Summary: The author explains that the number of people who will purchase the product in the next month is 350.
Purchase of a product The market research department at a manufacturing plant determines that
20
%
of the people who purchase the plant’s product during any month will not purchase it the next month. On the other hand,
30
%
of the people who do not purchase the product during any month will purchase it in the next month. In a population of
1000
people,
100
people purchased the product this month. How many will purchase the product (a) next month and (b) in
2
months?
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