A company has been running a television advertisement for one of its new products. A survey was conducted. Based on its results, it was concluded that an individual buys the product with probability 56%, if he/she saw the advertisement; and buys with probability 8%, if he/she did not see it. Twenty-five percent of people saw the advertisement. a) Plot a tree diagram with probability for the problem above. b) What is the probability that a randomly selected individual will buy the new product? c) What is the probability that at least one of randomly selected five individuals will buy the new product? *Help me solve this question with a detailed solution. Thank you in advance.
A company has been running a television advertisement for one of its new products. A survey was conducted. Based on its results, it was concluded that an individual buys the product with probability 56%, if he/she saw the advertisement; and buys with probability 8%, if he/she did not see it. Twenty-five percent of people saw the advertisement. a) Plot a tree diagram with probability for the problem above. b) What is the probability that a randomly selected individual will buy the new product? c) What is the probability that at least one of randomly selected five individuals will buy the new product? *Help me solve this question with a detailed solution. Thank you in advance.
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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A company has been running a television advertisement for one of its new products. A survey was conducted. Based on its results, it was concluded that an individual buys the product with
a) Plot a tree diagram with probability for the problem above.
b) What is the probability that a randomly selected individual will buy the new product?
c) What is the probability that at least one of randomly selected five individuals will buy the new product?
*Help me solve this question with a detailed solution. Thank you in advance.
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