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) What is the probability that at least one of randomly selected five individuals will buy the new product? *Show a full work 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) What is the probability that at least one of randomly selected five individuals will buy the new product? *Show a full work solution. Thank you in advance.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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