Advertiser in the magazine healthy living estimates

Assignment Help Mathematics
Reference no: EM13122213

Probability - health

Peterson's vitamins, an advertiser in the magazine Healthy Living estimates that 1 Percent of the subscribers will buy vitamins from Petersons. They also estimate that 0.5 percent of nonsubscribers will buy the product and that there is one chance in 20 that a person is a subscriber.

a) find the probability that a randomly selected person will buy the vitamins

b) If a person buys the vitamins, what is the probability he subscribes to Healthy Living?

c) If a person does not buy the vitamins what is the probability she subscribes to Healthy Living?

Reference no: EM13122213

Questions Cloud

Causes of obesity in the 21st century : Write an outline for an essay about Causes of Obesity in the 21st Century ?
Identify the type of probability for independent event : Explain how probability is used in that situation. Identify the type of probability your example best fits by explaining whether it is an independent event or dependent upon something else.
What do you predict the real exchange rate : What do you predict the real exchange rate will be one year from now and what do you predict the yen per dollar nominal exchange rate will be in one year?
List out five to ten specific things that project managers : List out five to ten specific things that project managers can do to help manage stakeholders. Provide some examples of successful and unsuccessful relationships with project stakeholders.
Advertiser in the magazine healthy living estimates : Peterson's vitamins, an advertiser in the magazine Healthy Living estimates that 1 Percent of the subscribers will buy vitamins from Petersons.
Approximate internal rate of return : A company has a minimum required rate of return of 8% and is considereing investing in a project that costs $68,337 and is expected to generate cash inflows of $27,000 each year for three years. The approximate internal rate of return on this proj..
Create percent confidence interval for the population mean : The standard deviation of the sample was 6.2 weeks. Construct a 95 percent confidence interval for the population mean. Is it reasonable that the population mean is 28 weeks?
Illustrate what was considered a hostile takeover : Over the next several weeks, Frank never saw any of the industry's logo items being worn or used by the workers. Instead the workers were uncommunicative towards him and at times even hostile
Reflection paper over power of positive thinking : a reflection paper write a 3 page paper double spaced over the book The Power of Positive Thinking by Dr. Norman Vincent Peale and also to include some quotes from the book as well.

Reviews

Write a Review

Mathematics Questions & Answers

  Using the substation method or elimination method

using the substation Method or elimination Method. If you can show the work on how to solve these problem.

  Compute the expected value

Calculate the expected value. How much should the company charge as an average premium so that it breaks even on its claim cost?

  Use augmented matrices

Use augmented matrices

  Find the product of two expressions

Perform the indicated operation -  Find the product. (x 3  - 5x 2  -1) 7x 2

  Find the type ii error value

Find the Type II error value.

  Probability and data collection draw a coin

Probability and Data Collection, 1. Suppose you have 4 nickels, 6 dimes, and 4 quarters in your pocket. If you draw a coin randomly from your pocket, what is the probability that

  Important information about queuing problem

A computer processes jobs on a first-come first-serve basis in a time-sharing environment. The jobs have Poisson arrival rates with an average of six minutes between arrivals.

  Factorize and solve the given quadratic equation

Factorize and solve the given quadratic equation and Solving the given quadratic equation by using formula method

  Calculate the mean of this sampling distribution

Calculate the mean of this sampling distribution

  Find how many sides does the polygon have

measure of each exterior angle of a regular polygon is 20 degrees, how many sides does the polygon have.

  Problem based on normal approximation

In a random sample of 330 homes, what is the probability that more than 70 do not have an answering device? The probability that more than 70 do not have an answering device

  Expected values and probability distributions

Probability : Expected Values and Probability Distributions - According to an automobile manufacturer, the company uses 3,000 lock-and-key combinations on it's vehicles

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd