Find the probability that a randomly chosen subscription

Reference no: EM1321070

Question: Subscriptions to a particular magazine are classified as gift, previous renewal, direct mail, and subscription service. In January 8 percent of expiring subscriptions were gift; 41 percent, previous renewal; 6 percent, direct mail; and 45 percent, subscription service. The percentages of renewals in these four categories were 81 percent, 79 percent, .60 percent, and 21 percent, respectively. In February of the same year 10 percent of expiring subscriptions were gift; 57 percent, previous renewal; 24 percent, direct mail; and 9 percent, subscription service. The percentages of renewals were 80 percent, 76 percent, 51 percent, and 14 percent, respectively.

[A] Find the probability that a randomly chosen subscription expiring in February was renewed.

[B] Verify mat the probability in part (b) that is higher than that in part (a). Do you believe that the editors of this magazine should view the change from January to February as a positive or negative development?

[C] Find the probability that a randomly chosen subscription expiring in January was renewed.

Reference no: EM1321070

Questions Cloud

Solving problems on probability : Solving problems on probability.

Find the probability on randomly chosen employee : What is the probability that a randomly chosen employee who has not had graduate training is a woman?

Solving the problem on marginal probability : What is the probability that a sale will be made to a contact who already owns a policy?

Calculate the probability on students : Calculate the probability that a student with an A on the midterm examination will obtain a final grade of A?

Find the probability that a randomly chosen subscription : Find the probability that a randomly chosen subscription

Calculate the conditional probability : Calculate the probability that a person for whom the test result is positive has the disease

Probability problems based on normal distribution : Probability problems based on normal distribution

Find percentage of members spends more than $140 in a year : Find the percentage of members spends more than $140 in a year?

Find the percentage of customers spent less than $20 : Find the percentage of customers spent less than $20

User Account

All Pages