A department store in a small town is in the process of budget planning and will be building a decision tree to select the best option among its available marketing channels. To estimate the probabilities it will need, it considers a customer base of 1500 individuals, 700 of which are women. Data shows that 240 of the women in this population earn at least $50,000 per year and 300 of the men earn at least $50,000 per year.
What is the probability that a randomly selected individual from this population earns less than $50,000 per year?
What will be an ideal response?
0.64
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Certain differences exist between IFRS and U.S. GAAP financial statement reporting. Which of the following is false?
A) ?IFRS presents a different ordering of the liabilities and shareholders' equity sections. B) ?IFRS allows the upward revaluation of property, plant, and equipment. C) ?IFRS does not require a statement of cash flows. D) ?IFRS financial statements are similar to U.S. GAAP.
Which of the following is a not a disadvantage of a Web site as compared to traditional store retailers?
a. The site can be slow in downloading complex graphics and video files for dialup shoppers. b. It is likely to be exited without a purchase. c. The site requires constant attention to keep it current. d. There is uncertainty with regard to paper and postage costs.
Which of the following is a noncounterbalancing error?
A. accrued expenses not recognized at year-end B. accrued revenues that have not been collected or recognized at year-end C. depreciation expense overstated for the year D. prepaid expenses not recognized at year-end
What are the complications of assessing the potential total return of a CMO tranched using the total return framework?
What will be an ideal response?