Question

Assume that shoes are produced in three countries: 20 percent in Venezuela, 50 percent in Korea,...

Assume that shoes are produced in three countries: 20 percent in Venezuela, 50 percent in Korea, and 30 percent in Canada. At the plant in each country, two types of shoes are made: racing shoes and training shoes. The production at each plant as allocated as shown in the table below. The shoes are randomly distributed to stores in the United States, and you purchase one pair from one of these stores. Plant Racing Training Venezuela 0.4 0.6 Korea 0.7 0.3 Canada 0.8 0.2 If you purchase a pair of training shoes selected at random, what is the probability that they were made in Venezuela? equation editorEquation Editor

Homework Answers

Answer #1

Solution:- If you purchase a pair of training shoes selected at random, what is the probability that they were made in Venezuela is 0.364.

Plant Racing Training
Venezuala 0.40 0.60
Korea 0.70 0.30
Canada 0.80 0.20

P(Venezuala) = 0.20

P(Korea) = 0.50

P(Canada) = 0.30

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
Tombro Industries is in the process of automating one of its plants and developing a flexible...
Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four months: Month 1 2 3 4 Quality control...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions,...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions, respectively, of New Zealand against the COVID-19 shocks(already outlined below) use appropriate macroeconomic models and theories covered in this course to explain their expected impacts. Discuss any limitations of these policy actions. (~600 words) TIPS: ⮚ If there are many policy actions, you could list all of them but focus on the key ones for discussion. ⮚ The government may take multiple actions (e.g....
1. The failure of the new supply chain system affected Nike adversely. What were the reasons...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons for the failure and how did the breakdown harm Nike? 2. What are the important elements to be kept in mind while implementing a new system in an organization? What is the importance of a good working relationship between partners and the sharing of responsibility in implementing critical projects? What mistakes did Nike and i2 make? 3. comment on the lessons learned and the...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT