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QUESTION 1
A company produces fruit juice in five different flavours (Mango, Guava, Apple, Grape and Tropical). A local supermarket sells the product, but only has sufficient space to display two of the company's five fruit juice flavours at a time.
a) What is the probability that the two flavours displayed are Guava and Grape?
QUESTION 2
A company plans to launch a new product. They have traditionally had a 60% success rate with the launch of new products. Market research predicts that a positive test market
results is 80% of successfully launched products and a positive market result for 30% of failed product launches.
a) If a market test result comes back negative, what is the probability that the product will be successfully launched?
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