Draw a probability tree for the given situation

Assignment Help Basic Statistics
Reference no: EM131805242

Question: You are in the process of assessing your firm's online marketing strategy, and would like to know whether visitors to your Website who arrive from a search engine ad (after searching for your firm's products) are more or are less likely to make a purchase than others. Focusing on all recent visitors, you have assembled the following information: 6% made a purchase, 27% arrived from a search engine ad, and 17% of those who made a purchase had arrived from a search engine ad.

a. Draw a probability tree for this situation.

b. Given that they arrived from a search engine ad, find the probability that they made a purchase.

c. Given that they did not arrive from a search engine ad, find the probability that they made a purchase.

d. Does it appear that visitors to your Web site who arrive from a search engine ad are more likely to make a purchase than others?

Reference no: EM131805242

Questions Cloud

Determining the averages of round-trip ticket : The cost of this free round-trip ticket averages $238. Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost.
What is your message or argument in communication : Do you consider your audience? What point of view do you try to convey? What is your message or argument in communication?
Business model and strategic plan : Write a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objecti
Discuss about the control centers and their function : In a 1-2 page paper written in APA format using proper spelling/grammar, describe the tour you would give.
Draw a probability tree for the given situation : You are in the process of assessing your firm's online marketing strategy, and would like to know whether visitors to your Website who arrive from a search.
Prepare the company production budget : The selling price of the company's product is $18.00 per unit. Prepare the company's production budget for the upcoming fiscal year
Prepare income statements under absorption costing : Prepare income statements under variable and absorption costing for the year ended December 31, 2014. Which costing method would you recommend to the CFO? Why?
Discuss what skills children should have : What is your opinion on the advantages and disadvantages of beginning to learn to read before attending school?
Non-emergency taxi service is the business model and plan : Write a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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