Probability on the discrete distribution

Reference no: EM1316781

a. Suppose that the chance of having both a "favorable" survey and an unsuccessful product launch is 2. In addition, the frequency of "favorable" market surveys over all new products is .5. Then what is the chance of a successful product launch given a favorable survey?

b. In a large metropolitan area, it has been determined that one out of five drivers on the road on a Saturday night is intoxicated. Also, half of all accidents on Saturday nights involve drunk drivers. Based on this information, by what factor does the risk of having an accident increase due to driving while intoxicated?

Reference no: EM1316781

Questions Cloud

Explaining relationship between total gross-opening gross : Explain the relationship between total gross and opening gross total gross and number of theatres total gross and week in top 60.

Mips single-cycle datapath processor : An instruction is being executed on the MIPS single-cycle datapath processor. Which class of instruction is being executed over the processor? b) Will you specify which instruction is being executing?

Designing and preparing aqueous buffer solution : Designing and preparing aqueous buffer solution with the pH indicated - Give complete details of the design and preparation of an aqueous buffer solution (volume 100ml) with the pH indicated.

Confidence interval for the population proportion : Compute a 95% confidence interval for the population proportion of positive drug tests. Explain why is the normality assumption not a problem despite the very small value of p.

Probability on the discrete distribution : Based on this information, by what factor does the risk of having an accident increase due to driving while intoxicated?

Fundamentals of acids and bases : Fundamentals of acids and bases - Water self ionizes to a small extent creating equal concentrations of hydronium and hydroxide ions. Find the molar concentration of these ions in water at 25 o C?

Determining quadratic regression model for per capita : Let independent variable x represent years since 1950. Determine quadratic regression model for per capita cigarette consumption.

Effect of decrease in price of substitute good : Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to

Functionalities of pharmacy information systems : Analyze the different functionalities of the pharmacy information systems which can aid in reduction of the medication errors and make at least two recommendations for the improvements in future systems.

User Account

All Pages