A large department store wants to study the purchasing habits of its customers for three specific products,
Question:
A large department store wants to study the purchasing habits of its customers for three specific products,
a, b,
c. The data given in the following table come from a market research that the store conducted and show the proportions of customers who purchase one or more among the three products during a specific period.
Assuming that these proportions reflect the probability for any customer to buy these product(s), calculate the probability that a customer (i) buys product a given (s)he has bought at least one of products b and c;
(ii) buys at least one of products b and c if (s)he has bought product a;
(iii) buys product a if we know that (s)he has bought at least one of the three products
a, b, and c.
Step by Step Answer:
Introduction To Probability Volume 2
ISBN: 9781118123331
1st Edition
Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis