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Author Question: What is the probability that a randomly chosen consumer is either a man or someone who recalled the ... (Read 55 times)

fbq8i

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on: Jun 24, 2018
What is the probability that a randomly chosen consumer is either a man or someone who recalled the product favorably?
 
  What will be an ideal response?

Question 2

In which component of the time series will the effect of an unpredictable, rare event be contained?
 
  A) the trend component
  B) the seasonal component
  C) the cyclical component
  D) the irregular component


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LegendaryAnswers

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Reply #1 on: Jun 24, 2018
Answer to Question 1

We use the general addition rule,
P(man or favorable) = P(man) + P(favorable) - P(man and favorable)
= (100 / 250 ) + (95 / 250 ) - (38 / 250 ) = 0.628

Answer to Question 2

D


fbq8i

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

amit

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Reply 3 on: Yesterday
Excellent

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