Question
A market research study is being conducted to determine if a product modification will be well received by the public. A total of 1,000 consumers
A market research study is being conducted to determine if a product modification will be well received by the public. A total of 1,000 consumers are questioned regarding this product.
The table below provides information regarding this sample.
Positive Reaction | Neutral Reaction | Negative Reaction | |
Male | 240 | 60 | 100 |
Female | 260 | 220 | 120 |
a) What is the probability that a randomly selected male would find this change unfavorable (negative)?
b) What is the probability that a randomly selected person would be a female who had a positive reaction?
c) If it is known that a person had a negative reaction to the study, what is the probability that the person is male?
Step by Step Solution
3.46 Rating (153 Votes )
There are 3 Steps involved in it
Step: 1
The given table is POSITIVE REACTION 240 NEUTRAL REACTION NEGATIVE RE...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App