Explain why the statement is incorrect

Assignment Help Mathematics
Reference no: EM131124235

explain why the statement is incorrect. RETAIL SALES Mark Owens, an optician, estimates that the probability that a customer coming into his store will purchase one or more pairs of glasses but not contact lenses is .40, and the probability that he will purchase one or more pairs of contact lenses but not glasses is .25. Hence, Owens concludes that the probability that a customer coming into his store will purchase neither a pair of glasses nor a pair of contact lenses is .35.

Reference no: EM131124235

Questions Cloud

What if the facts of the case were different : The court found that Alex had signed the covenant not to compete in an adhesion contract. That is, upon being hired, Alex was forced to either sign or be immediately fired from MyWaze.
Calculate the equity valuation cash flow : Identify and describe the major components that are used to calculate the equity valuation cash flow.
Which of the following is true : Which of the following is true
Briefly describe the process for projecting financial statem : Briefly describe the process for projecting financial statements.
Explain why the statement is incorrect : Hence, Owens concludes that the probability that a customer coming into his store will purchase neither a pair of glasses nor a pair of contact lenses is .35.
Why does it matter how we treat surplus cash for valuation : Define required cash and surplus cash. Why does it matter how we treat surplus cash for valuation purposes?
What are red bull''s greatest strengths and risks : What are red Bull's greatest strengths and risks as more companies (like Coca-Cola, Pepsi, and Monster) enter the energy drink category and gain market share?
What is a venture worth? : Return to the discussion of the FrothySlope venture at the beginning of the chapter. Formulate an answer for each of the five questions that are posed under the heading What Is a Venture Worth?
Which of the two syndromes are causing your symptoms : But which of the two syndromes are causing your symptoms: the disorder (ADD) or the trait (ADT)? Approach your problem using scientific methodology-developing a question, a hypothesis, an experiment, and a control for the experiment.

Reviews

Write a Review

Mathematics Questions & Answers

  General purpose of tqm tools and techniques

Describe the general purpose of TQM tools and techniques. On a separate page for each tool and technique, present the name of the tool, a short description of the tool, and the tool/technique's contribution to TQM.

  What is the maximum area

1) (section Quadratic functions)- A rectangular playground is to be fenced off and divided in two by another fence parallel to one side of the playground. Four hundred feet of fencing is used. Find the dimensions of the playground that maximize the t..

  Properties of equivalence relations

Problem 1: A bijection is an injective (one to one), surjective (onto) map between sets. If S = (0,1) and T = R, find a map from S to T which is (a) An injective but not surjective map, (b) a surjective but not injective map, (c) a bijection.

  Arc length of parametric curve

Find the arc length of the parametric curve x = 3 cos t, y = 3 sin t, z = 4t; 0

  Find the length of the rectangle

A wire 76 in. long is bent to form a rectangle. If the width of the rectangle will be 16 in. Find the length of the rectangle.

  Each pound of sewage cost sweet smell 5 cents and each

the sweet smell fertilizer company markets bags of manure labeled exactly 60 lb dry weight . the packaged manure is a

  Find the angular speed of the wheels in radians

A car is moving at a rate of 76 miles per hour, and the diameter of its wheels is 2.9 feet.

  Find all values of x

The function f is defined below. f(x) = (x+8)/(x2+13x+40). Find all values of x that are NOT in the domain of f

  Linear alegbra-vector space

Given that with these definitions, V satisfies vector space axioms 1,2,3,6,8,9,and 10 determine whether or not V is a vector space by checking to see if axioms 4,5,7,are also satisfied.

  Let a and b be subsets of a universal set u

1.Let A and B be subsets of a universal set U. Prove the following: (AB)U(BA)= (AUB)(AnB). 2. Suppose f: A→B and S and T are subsets of A. Prove or give a counter example: if S⊆, then f(S)⊆f(T)

  How can the cars be allocated

The Friendly Car Company has five lots on which it has 120, 75, 205, 145 and 90 cars respectively. After a few "not so friendly" discussions with its creditors, the Friendly Car Company decides to liquidate its inventory by shipping its entire stock ..

  What is the maximum number of hours the crane

the cost to rent a construction crane is $750.00 per day plus $250.00 per hour of use. What is the maximum number of hours the crane can be used each day if the rental cost is not to exceed over $2500.00 per day?

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