Probability that a randomly chosen member of the population

Assignment Help Basic Statistics

Reference no: EM131369843

A financial service company advertises its services in magazines, runs billboard ads on major highways, and advertises its services on the radio.

The company estimates that there is a 0.10 probability that a given individual will see the billboard ad during the week, a 0.15 chance that he or she will see the ad in a magazine, and a 0.20 chance that she or he will hear the advertisement on the radio during the week.

What is the probability that a randomly chosen member of the population in the area will be exposed to at least one method of advertising during a given week? (Assume independence.)

Reference no: EM131369843

Questions Cloud

Case of managerial hubris : Read the case study, "The 1920 Farrow's Bank Failure: A Case of Managerial Hubris." This case is located in the ABI/Inform Complete database found in the CSU Online Library (see reference below). Hollow, M. (2014). The 1920 Farrow's bank failure:

Determine the deceleration of the meteor : A 2-mm-diameter meteor of specific gravity 2.9 has a speed of 6 km/s at an altitude of 50,000 m where the air density is 1.03 × 10-3 kg/m3. If the drag coefficient at this large Mach number condition is 1.5, determine the deceleration of the meteor.

Discuss the elements of organizational designs : Discuss the elements of organizational designs and how organizational design is linked to organizational behavior, communication, delegation, job satisfaction, and employee motivation. What have you experienced in the workplace?

Estimate the wind force on the antenna : Estimate the energy that a runner expends to overcome aerodynamic drag while running a complete marathon race. This expenditure of energy is equivalent to climbing a hill of what height? List all assumptions and show all calculations.

Probability that a randomly chosen member of the population : What is the probability that a randomly chosen member of the population in the area will be exposed to at least one method of advertising during a given week?

What would the value of the dow : The Dow Jones Industrial Average was 838.92 on December 31, 1970, and 11,577.51 on December 31, 2010. The CPI was at 39.8 in December 1970 and 219.2 in December 2010. If the Dow had increased by just as much as consumer prices, what would the value..

What percentage of the people in the firms potential market : An accounting firm carries an advertisement in The Wall Street Journal.- What percentage of the people in the firm's potential market see and remember the advertisement?

New product development process at consumer products : You were just hired to manage the new product development process at a consumer products company. In your first meeting with the CEO since being hired, she recounted to you the numerous times in the past when the company launched products it thought ..

What is the probability that none of them is defective : What is the probability that none of them is defective? What is the probability that at least one is defective? Explain.

User Account

All Pages