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Chapter 4.2, Problem 29P

a.

To determine

Find the values of P(S), P(S/A), and P(S/Pa).

a.

Expert Solution
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Answer to Problem 29P

The value of P(S) is 0.5914.

The value of P(S/A) is 0.465.

The value of P(S/Pa) is 0.717.

Explanation of Solution

It is given that the events A, Pa, S, and N are defined as follows:

A=Aggressive approach, Pa=Passive approach

S=Sale, N=no sale

There are 686 customers in the event sale and 1160 are participating customers.

The probability of sale is as follows:

P(S)=Favorable casesTotal number of cases=6861,160=0.5914

Thus, the probability of sale is 0.5914.

There are 270 customers in sale and aggressive approach.

The probability of sale given that aggressive approach is used as follows:

P(S/A)=P(S and A)P(A)=270580=0.465

Thus, the probability of sale given that aggressive approach is 0.465.

The probability of sale given that passive approach is used is calculated as follows:

P(S/Pa)=P(S and Pa)P(Pa)=416580=0.717

The probability of sale given that passive approach is used is 0.717.

b.

To determine

Explain whether the events S=Sale and Pa=Passive approach are independent.

b.

Expert Solution
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Answer to Problem 29P

The events Sale and Passive approach are not independent.

Explanation of Solution

From Part (a), the value of P(S) is 0.5914 and P(S/A) is 0.465.

It is noticed that P(S/A)P(S). Thus, the events sale and passive approach are not independent.

c.

To determine

Find the values of P(A and S) and P(Pa and S).

c.

Expert Solution
Check Mark

Answer to Problem 29P

The value of P(A and S) is 0.2327.

The value of P(Pa and S) is 0.3586

Explanation of Solution

There are 270 customers in both events sale and aggressive approach. The total number of participating customers is 1,160.

The value of P(A and S) is as follows:

P(A and S)=2701,160=0.2327

Thus, the value of P(A and S) is 0.2327.

The number of customers in both events sale and passive approach is 416.

The value of P(Pa and S) is computed as follows:

P(Pa and S)=4161,160=0.3586

Thus, the value of P(Pa and S) is 0.3586.

d.

To determine

Find the values of P(N) and P(N/A).

d.

Expert Solution
Check Mark

Answer to Problem 29P

The value of P(N) is 0.408.

The value of P(N/A) is 0.534.

Explanation of Solution

There are 474 customers in no sale and 1160 are participating customers.

The probability of no sale is as follows:

P(N)=4741,160=0.408

Thus, the probability of no sale is 0.408.

There are 270 customers in sale and aggressive approach.

The probability of no sale given that aggressive approach is used as follows:

P(N/A)=P(N and A)P(A)=310580=0.534

Thus, the probability of no sale given that aggressive approach is 0.534.

e.

To determine

Explain whether the events N=no sale and A=Aggressive approach are independent.

e.

Expert Solution
Check Mark

Answer to Problem 29P

The events no sale and aggressive approach are not independent.

Explanation of Solution

From Part (d), the value of P(N) is 0.408 4 and P(N/A) is 0.534.

It is noticed that P(N/A)P(N).

Therefore, the events no sale and aggressive approach are not independent.

f.

To determine

Find the value of P(A or S).

f.

Expert Solution
Check Mark

Answer to Problem 29P

The value of P(A or S) is 0.8586.

Explanation of Solution

The probability of aggressive approach or sale is as follows:

P(A or S)=P(A)+P(S)P(A and S)=5801,160+6861,1602701,160=9961,160=0.8586

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Chapter 4 Solutions

Bundle: Understandable Statistics: Concepts And Methods, 12th + Jmp Printed Access Card For Peck's Statistics + Webassign Printed Access Card For ... And Methods, 12th Edition, Single-term

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