International relocation. A European department store is developing a new advertising campaign for their new U.S. location,

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International relocation. A European department store is developing a new advertising campaign for their new U.S. location, and their marketing managers need to better understand their target market. Based on survey responses, a joint probability table that an adult shops at their new U.S. store classified by their age is shown below.

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a) What’s the probability that a survey respondent will shop at the U.S. store?

b) What is the probability that a survey respondent will shop at the store given that they are younger than 20 years old?

c) What is the probability that a survey respondent who is older than 40 shops at the store?

d) What is the probability that a survey respondent is younger than 20 or will shop at the store?

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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