Question

A newspaper has decided to launch an advertising campaign to attract new subscribers. The goals are...

A newspaper has decided to launch an advertising campaign to attract new subscribers. The goals are to attract at least 1,000 new young (no more than 40 years old) subscribers and to attract at least 2,000 new older (at least 41 years old) subscribers. Suppose the probability of reaching the first goal is 0.6, the probability of reaching the second goal is 0.4, and the probability of reaching both goals is 0.15. Which of the following is true?

a. P(goal 1 is reached, goal 2 isn't) = 0.45
b. P(neither goal is reached) = 0.15
c. P(goal 2 is reached, goal 1 isn't) = 0.25
d. All of these choices are true.

Homework Answers

Answer #1

P(First goal) = 0.6, P(Second goal) = 0.4, P(Both goals) = 0.15

We check each choice.

a)

P(Goal 1 reach, goal 2 isn't) = P(Goal 1) - P(Both goals)

= 0.6 - 0.15

= 0.45

TRUE.

b)

P(Either goal is reached) = P(goal 1) + P(goal 2) - P(both goals)

= 0.6 + 0.4 - 0.15

= 0.85

P(neither goal is reached) = 1 - P(Either goal reached)

= 1 - 0.85

= 0.15

TRUE

c)

P(Goal 2 reached , but goal 1 isn't) = P(goal 2) - P(Both goals)

= 0.4 - 0.15

= 0.25

TRUE.

ANSWER: All of these choices are true

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
In February 2012, the Pepsi Next product was launched into the US market. This case study...
In February 2012, the Pepsi Next product was launched into the US market. This case study provides students with an interesting insight into PepsiCo’s new product process and some of the challenging decisions that they faced along the way. Pepsi Next Case Study Introduction Pepsi Next was launched by PepsiCo into the US market in February 2012, and has since been rolled out to various international markets (for instance, it was launched in Australia in September 2012). The new product...
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...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT