In a sales effectiveness seminar, a group of sales representatives tried two approaches to selling a customer a new automobile: the aggressive approach and the passive approach. For 1160 customers, the following record was kept: look at screenshot Suppose a customer is selected at random from the 1160 participating customers. Let us use the following notation for events: A = aggressive approach, Pa = passive approach, S = sale, N = no sale. So, P(A) is the probability that an aggressive approach was used, and so on. (a) Compute P(N) and P(N | A). (Enter your answers as fractions.) (b) Are the events N = no sale and A aggressive approach independent? Choose one of the following options: Yes. The two events can occur together. Yes. P(N) = P(N | A). No. P(N) ≠ P(N | A). No. The two events cannot occur together. (c). Compute P(A or S). (Enter your answer as a fraction.)
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
In a sales effectiveness seminar, a group of sales representatives tried two approaches to selling a customer a new automobile: the aggressive approach and the passive approach. For 1160 customers, the following record was kept:
look at screenshot
Suppose a customer is selected at random from the 1160 participating customers. Let us use the following notation for
(a) Compute P(N) and P(N | A). (Enter your answers as fractions.)
(b) Are the events N = no sale and A aggressive approach independent? Choose one of the following options:
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