Question
able 5 Low Price Medium price High price High quality 75 35 80 Low quality 80 15 65 Using table 5 above 1) What is
able 5
Low Price | Medium price | High price | ||
High quality | 75 | 35 | 80 | |
Low quality | 80 | 15 | 65 | |
Using table 5 above
1) What is the probability of randomly selecting a low price product 0.440.190.690.180.460.870.140.10304.81 ?
2) What is the probability of selecting a low quality product and high price 0.440.190.690.180.460.870.140.10304.81 ?
3) What is the probability of selecting a low quality or high price product 0.440.190.690.180.460.870.140.10304.81 ?
4) Given a client selects high quality, what is the probability of selecting a mediumpriceproduct 0.440.190.690.180.460.870.140.10304.81 ?
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