Same number of products and same brands

Reference no: EM13105181

In February 2002, the Argentine peso lost 70% of its value compared to the United States dollar. This devaluation drastically raised the price of imported products. According to a survey conducted by AC Nielsen in April 2002 68% of the consumers in Argentina were buying fewer products than before the devaluation, 24% were buying the same number of products, and 8% were buying more products. Furthermore, in a trend toward purchasing less-expensive brands, 88% indicated that they had changed the brands that they purchased. Suppose that the following set of results was reported.

Number of Products Purchased
Brands Purchased Fewer Same More Total
Same 10 14 24 48
Changed 262 82 8 352
Total 272 96 32 400

What is the probability that a consumer selected at random:

a. purchased fewer products than before?

b. purchased the same number of products as before?

c. purchased the same number or more products than before?

d. purchased fewer products and changed brands?

e. purchased the same number of products and the same brands?

Reference no: EM13105181

Questions Cloud

How a uniform electric field might used to measure distance : Describe how a uniform electric field might be used to measure distance. Hint: In the parallel electrode arrangement, what parameter(s) varied with distance between the electrodes and what parameter(s) stayed constant?

Discussion on the sequence of construction : A contracting company has been awarded a contract for converting 10 miles of a high-traffic gravel road into a hot-mixed asphalt pavement. The contract includes the tasks of reshaping and leveling the original road.

Random sample confidence interval : A random sample of 10 miniature Tootsie Rolls was taken from a bag. Each piece was weighted on a very accurate scale. The results in grams were:

Illustrate what provisions of u.s. constitution will applied : Illustrate what provisions of the U.S. Constitution will be applied by a court to determine the statute’s validity? o Is Tanya likely to prevail on her suit? Explain the reasons for your answer.

Same number of products and same brands : In February 2002, the Argentine peso lost 70% of its value compared to the United States dollar. This devaluation drastically raised the price of imported products.

Question on hypothesis testing-confidence interval : Consider that 10 observations were selected from a normal population whose variance is 64. Observations are: 58, 62, 45, 50, 59, 65, 39, 40, 41 and 52.

Explain how can a global company reconcile local expectation : Explain how can a global company reconcile local expectations of questionable payments with the Foreign Corrupt Practices Act?

What is the amount of the normal force on the charge : What is the amount of the normal force on the charge on the surface in Newtons, when including both the weight of the object and the electric force on it?

What is the electric force on q1 now in newtons : Indicate the negative x direction by including a negative sign in the answer, but omit a sign for the positive x direction.

User Account

All Pages