An exhibitor at an arts and crafts fair sells only 2 types of
products – jams and marinades. When a customer enters
the exhibitor’s booth, the exhibitor believes that there is a
probability of .60 that the customer would purchase
jam. If the customer purchases jam, there a probability
of .30 that the customer would also purchase
marinade. If the customer does not purchase jam, there
is a probability of .4 that the customer would purchase
marinade
- Complete the following probability tree by filling in the
blanks with either the appropriate probabilities (to 2 decimal
places) or symbols if appropriate. The blanks at the end
of each possible outcome is to be filled in with what that outcome
represents (e.g., JM would represent the outcome that the customer
purchased jam and marinade) The blanks under the column X are to be
filled in with the number of types of products purchased (e.g. if
the customer purchased 1 of the 2 types of produced you would fill
in the number 1 under the column X) Note: If you
don’t want to use superscripts you can use ‘
instead. For example, JC can be typed as
J’.
Outcome Prob. X
M JM ____ 2
____
J
____
.60 MC
____ ____ ____
____
M ____ ____ ____
JC ____
____
MC
____ ____ ____
- Complete the following statements by inserting the
appropriate probabilities (to 4 decimal places if necessary) in the
spaces provided.
- The probability that a customer would purchase either jam or
marinade (or both) is ____
- The probability that a customer would purchase both jam and
marinade is ____
- The probability that the customer purchased jam knowing that if
he/she purchased marinade is
____