What is the number of possible outcomes

Assignment Help Business Economics
Reference no: EM132461449

A department store analyzed its most recent sales and determined the relationship between the way the customer paid for the item and the price category of the item.

Cash Credit card Debit card

Less than $20 5 9 6

$20 - $100 8 21 11

More than $100 7 20 13

(a) What is the number of possible outcomes?

(b) What is the sample size?

(c) What probability of purchases paid by a debit card?

(d) Find the probability that a purchase is made by a credit card and more than $100.

(e) Determine the probability of purchases made by a credit or a debit card.

(f) A gift is given to all purchases by cash. Another gift is given to all purchases more than $20. What is the probability that a purchase is not eligible for any gift? (g) For each pair of events, check if they are mutually exclusive.

  • Less than $20 and Not paid by cash
  • Not paid by a credit card and Not paid by cash
  • More than $100 and by cash and More than $100 and by credit

Reference no: EM132461449

Questions Cloud

Prepare the adjusting journal entries in the general journal : Accrued salaries amount to $2,800. Analyze the transactions above and prepare the adjusting journal entries in the general journal
Determine begining balance of partners capital account : Assume that the begining balance of the partner's capital account equals the beginning basis for the partner's.Prepare Form 1065 Schedule M-1 and M-2
Perform critical analysis of comparative issues : Critically analyse the relative importance of different types of drivers of mergers and acquisitions in a global context and Critically assess the success.
Calculate the price paid by sun company : Construct a table that shows interest revenue reported by Sun, and the carrying value of the investment, for each interest period for four interest periods
What is the number of possible outcomes : A department store analyzed its most recent sales and determined the relationship between the way the customer paid for the item and the price category
Calculate the net returns to quality a and quality b milk : A dairy cooperative certifies its farmers depending upon the quality of the milk delivered. There are 2 quality criteria;
How important is the ambience of a store to you : What motivates you as a consumer to buy things or postpone the act of buying? What is shopping in your view?
Real gross domestic product : What was the value of Federal Government expenditures on national defense in the 1st quarter of 2019?
What is the amount of total manufacturing cost : The company purchased $11.1 million of materials during the period and used $10.3 million of this amount. What is the amount of total manufacturing cost

Reviews

Write a Review

Business Economics Questions & Answers

  What is the total market demand for polyglue at the price

What is the total market demand for polyglue at the price established by Alchem in Part (a). How much of the total demand do the follower firms supply?

  The service a homeowner performs

The service a homeowner performs when she Moser yard is not included in GDP because

  What is the multiplier

If income changes from $200 billion to $300 billion, and consumption changes from $100 billion to $180 billion, what is the multiplier?

  Scrum model of software development

Write a 2-page essay that compares and contrasts the Scrum Model of software development with the Unified Process model. Give a brief overview of both models and if there are multiple views of a model, make sure you indicate your source if the vie..

  Are all fixed costs also sunk costs

The investment will earn a 5% rate of return. Should the firm add the addition? Explain.

  Stronger impact than its direct intervention

Why would the Fed's indirect intervention have a stronger impact on some currencies than others? Why would the Fed's indirect intervention have a stronger impact than its direct intervention?

  Consumption possibility frontier for countries

Suppose that the relative price of computers in terms of automobiles after trade is 3 automobiles per unit of computers. how can I graph the consumption

  Procedures for exchanging goods

An institutional arrangement that provides people with opportunities and procedures for exchanging goods, services and resources is called: Select one: a. Barter b. A social economy c. A market d. Trade Next

  What happens with the levels of law enforcement and crime

Graph the best response functions. Find the Nash Equilibrium of this game. What happens with the levels of law enforcement and crime (in Nash Equilibrium) when the cost of law enforcement c goes up?

  Shifts aggregate demand to the right

Which of the following shifts aggregate demand to the right?

  Is bundling a good idea for consumers

We are seeing a merging of media firms. For example, companies like Verizon now provide phone, cell, TV and internet. A common form of selling services involves putting them together in packages or “bundles” and offering them for a lower price than i..

  Product- and service-based businesses

Why do we need to have a different marketing mix of the five P's for product- and service-based businesses?

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