1) What is the probability of randomly selecting a low price product ? 2) What is the probability of selecting a low quality product and high price ? 3) What is the probability of selecting a low quality or high price product ?
1) What is the probability of randomly selecting a low price product ? 2) What is the probability of selecting a low quality product and high price ? 3) What is the probability of selecting a low quality or high price product ?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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Table 5
|
Low Price |
Medium price |
High price |
|
High quality |
65 |
55 |
80 |
|
Low quality |
40 |
15 |
45 |
|
|
|
|
|
|
Using table 5 above
1) What is the
2) What is the probability of selecting a low quality product and high price ?
3) What is the probability of selecting a low quality or high price product ?
4) Given a client selects high quality, what is the probability of selecting a medium price product
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