An automobile dealer has kept records on the customers who visited his showroom. Forty percent of the people who visited his dealership were female. Furthermore, his records show that 35% of the females who visited his dealership purchased an automobile, while 20% of the males who visited his dealership purchased an automobile. Let
?
A1 = the event that the customer is female
?
A2 = the event that the customer is male
?
a.
What is the probability that a customer entering the showroom will buy an automobile?b.
A car salesperson has just informed us that he sold a car to a customer. What is the probability that the customer was female?
What will be an ideal response?
| a. | 0.26 |
| b. | 0.538 |
You might also like to view...
Juan Valdez trades in his old donkeys for two new llamas in order to transport his mountain grown coffee to the marketplace
Llamas make excellent pack animals and are surefooted, so I should be able to spend more time harvesting and less time wrangling animals, Juan thought to himself as he led the two back to his mountain farm. Much to his dismay, the first time he tried to strap the bags of coffee beans to his new llamas they resisted by running away and when he got close, they spit copiously. However, he was persistent and methodical, and he noticed that things went a little better each day. The time it took to get the llamas loaded up is summarized in the table. Day Time (min) Day Time (min) 1 140 5 84 2 116 6 79 3 100 7 79 4 93 8 76 What learning rate is evident from the data? How long will it take to load up the llamas next month (on the 30th attempt) if the same learning pattern continues?
The control environment reflects the organization's general awareness of and commitment to the importance of control throughout the organization.
Answer the following statement true (T) or false (F)
What could a manager use to measure the success of an MIS project?
A. effectiveness MIS metrics, efficiency MIS metrics B. expert MIS metrics, executive MIS metrics C. effectiveness MIS metrics, expert MIS metrics D. all of these
Which type of mail requires your manager's immediate attention?
a. Routine b. First Class c. Informational d. Priority