Question

A large cable company reports the following. 80% of its customers subscribe to its cable TV...

A large cable company reports the following. 80% of its customers subscribe to its cable TV service 38% of its customers subscribe to its Internet service 31% of its customers subscribe to its telephone service 23% of its customers subscribe to both its cable TV and Internet service 19% of its customers subscribe to both its cable TV and phone service 22% of its customers subscribe to both its Internet and phone service 15% of its customers subscribe to all three services Consider the chance experiment that consists of selecting one of the cable company customers at random. Find and interpret the following probabilities.

(a) P(cable TV only) P(cable TV only) = _____._____% of cable company customers only subscribe to cable TV.

(b) P(Internet|cable TV) P(Internet|cable TV) = _____. Of the customers who subscribe to cable TV, % subscribe to Internet service.

(c) P(exactly two services) P(exactly two services) = _____._____ % of cable company customers subscribe to exactly two services (cable TV and Internet, cable TV and phone, or Internet and phone).

(d) P(Internet and cable TV only) P(Internet and cable TV only) = _____._____ % of cable company customers subscribe to Internet and cable TV only.

Homework Answers

Answer #1

Answer:

Given,

a)

Probability of cable only = P(Cable) - P(cable and internet) - P(cable and telephone) + P(cable and internet and telephone)

= P(C) - P(C and I) - P(C and T) + P(C and I and T)

substitute given values

= 0.80 - 0.23 - 0.19 + 0.15

= 0.53

b)

P(Internet | cable) = P(I and C)/P(C)

substitute given values

= 0.23 / 0.80

= 0.2875

c)

P(exactly two services) = P(C and I) + P(C and T) + P(I and T) - P(C and I and T)

substitute given values

= 0.23 + 0.19 + 0.22 - 0.15

= 0.49

d)

P(Internet and cable only) = P(I and C) - P(I and C and T)

substitute given values

= 0.23 - 0.15

= 0.08

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A large cable company reports the following. 80% of its customers subscribe to its cable TV...
A large cable company reports the following. 80% of its customers subscribe to its cable TV service 40% of its customers subscribe to its Internet service 32% of its customers subscribe to its telephone service 28% of its customers subscribe to both its cable TV and Internet service 21% of its customers subscribe to both its cable TV and phone service 18% of its customers subscribe to both its Internet and phone service 15% of its customers subscribe to all...
A large cable company reports that 42% of its customers subscribe to its Internet service, 32%...
A large cable company reports that 42% of its customers subscribe to its Internet service, 32% subscribe to its phone service and 23% subscribe to both its Internet service and phone service. a) What is the probability that a randomly selected customer subscribes to the Internet service or the phone service? b) What percent of customers subscribe to neither the Internet service nor the phone service?
Managing Ashland MultiComm ServicesThe Ashland MultiComm Services (AMS) marketing department wants to increase subscriptions for its...
Managing Ashland MultiComm ServicesThe Ashland MultiComm Services (AMS) marketing department wants to increase subscriptions for its 3-For-All telephone, cable, and Internet combined service. AMS marketing has been conducting an aggressive direct-marketing campaign that includes postal and electronic mailings and telephone solicitations. Feedback from these efforts indicates that including premium channels in this combined service is a very important factor for both current and prospective subscribers. After several brainstorming sessions, the marketing department has decided to add premium cable channels as...
Cost of Quality and Value-Added/Non-Value-Added Reports for a Service Company Three Rivers Inc. provides cable TV...
Cost of Quality and Value-Added/Non-Value-Added Reports for a Service Company Three Rivers Inc. provides cable TV and Internet service to the local community. The activities and activity costs of Three Rivers are identified as follows: a. Identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. Quality Control Activities Activity Cost Quality Cost Classification Value-Added/ Non-Value-Added Classification Billing error correction $39,000 External failure Non-value-added Cable signal testing 117,000 Appraisal Value-added Reinstalling service (installed...
Cost of Quality and Value-Added/Non-Value-Added Reports for a Service Company Three Rivers Inc. provides cable TV...
Cost of Quality and Value-Added/Non-Value-Added Reports for a Service Company Three Rivers Inc. provides cable TV and Internet service to the local community. The activities and activity costs of Three Rivers are identified as follows: a. Identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. Quality Control Activities Activity Cost Quality Cost Classification Value-Added/ Non-Value-Added Classification Billing error correction $26,500 External failure Non-value-added Cable signal testing 66,300 Appraisal Value-added Reinstalling service (installed...
You are an executive for Verizon, a telecommunication company. Verizon rents smartphones to its customers for...
You are an executive for Verizon, a telecommunication company. Verizon rents smartphones to its customers for two-years. The latest version of Zphone, the smartest phone of all times, Zphone LXVIII, can only be rented at Verizon, but once the customers rent the new phone for two years from Verizon, they can purchase the network service from any network provider by simply buying a sim card, and the network providers’ market is a perfectly competitive market. There are two types of...
ABCable, Inc. is a publicly traded cable provider. Among its current services are providing cable services,...
ABCable, Inc. is a publicly traded cable provider. Among its current services are providing cable services, including television, Internet access and local telephone service. ABCable experienced rapid growth in all markets beginning in the late 1990s and continuing through now. While revenues continue to grow, income is showing signs of declining to a level beneath that expected by analysts who follow the company. In an analysis of why, Sally Bens, financial vice president, discovered that maintenance of cable systems has...
A USA based cable broadband company wants to compare the average customer satisfaction scores between its...
A USA based cable broadband company wants to compare the average customer satisfaction scores between its east coast and west coast customer bases. The customer survey asks for a score between 1 and 5, with 1 being poor and 5 being excellent. 174 east coast customers are surveyed, and the sample mean is 3.51 with a sample standard deviation of 0.51. For the west coast, 355 customers are surveyed, and the sample mean is 3.24 with a sample standard deviation...
a. The Talk-A-Lot Cell Phone Company provides phone services for its customers. Create an abstract class...
a. The Talk-A-Lot Cell Phone Company provides phone services for its customers. Create an abstract class named PhoneCall that includes a String field for a phone number and a double field for the price of the call. Also include a constructor that requires a phone number parameter and that sets the price to 0.0. Include a set method for the price. Also include three abstract get methods - one that returns the phone number, another that returns the price of...
At​ Cintab, the international Web retailer that began with selling shoes and now has expanded its...
At​ Cintab, the international Web retailer that began with selling shoes and now has expanded its selections to include clothing and​ accessories, the customer is at the center of everything. Employees are trained to​ "deliver WOW through​ service." The company has dedicated itself to delighting its customers and keeping them coming back for more. These delighted customers also spread plenty of positive buzz about the company to their​ friends, who often become Cintab customers themselves. Cintab has relied almost exclusively...