What is the probability that woman will use a credit card

Assignment Help Econometrics
Reference no: EM13203910

a major clothing store compared the sales of a new line and of a no longer fashionable line of women's sportswear. The store found that 75% of all sales made to credit card users were for purchases of the new line of sportswear, while 30% of all sportswear sales were for the purchase of the outdated fashions. Records indicate that credit cads are used in 80% of all sales. If a customer selects an item from the new line of sportswear, what is the probability that she will use a credit card?

Reference no: EM13203910

Questions Cloud

Cause an unsafe increase in blood pressure : Researchers developing new drugs must be concerned with possible side effects. They check a new medication for arthritis to be sure that it does not cause an unsafe increase in blood pressure.
Evaluate the expected return of stock : Calculate the expected Return of Stock A, expected Return of Stock B and standard Deviation of Stock A
Biological determinist and the social constructivist : Both the Biological Determinist and the Social Constructivist believe that human beings can, for the most part, be grouped into two fundamentally different sex categories:
Define the inventory level vs time for a reasonable number : A company has an annual requirement for 150,000 parts, which cost $125 each. The parts require processing having a $4,000 setup cost. Each part occupies 0.5 sqft of floor space in the factory. Floor space has a total cost of $12.50 per square foot..
What is the probability that woman will use a credit card : The store found that 75% of all sales made to credit card users were for purchases of the new line of sportswear, while 30% of all sportswear sales were for the purchase of the outdated fashions. Records indicate that credit cads are used in 80% o..
Calculate the impact of the debt and equity : Using the information above together with the two following scenarios calculate the impact of the debt and equity financing alternatives if weather is good which will increase attendances and increase EBIT to $600,000
Media-culture compare with standard academic communication : How does the communication tone and style in the field of media and culture compare with standard academic communication? How is it similar? How is it different?
Calculate the tax revenue in the post-tax equilibrium : Suppose the market for cigarettes is characterized by the following information: Qd=70-5P [Demand] Qs=3P-10 [Supply] Suppose the government imposes a sales tax of $2 per unit.  i) Calculate the magnitude of the consumer surplus and producer surplus i..
Primaries of 2008 democratic race : Explain how Obama defeated Clinton during the primaries of 2008 Democratic race?

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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