Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I do not understand why (60%+30%+40%= 70%) Isn't (40%*40%)/70%)=0.228? AutoSave On Assignment 4- E-Business . Saving... O Search (Alt+Q) Blossom Elkerbout X File Home Insert

I do not understand why (60%+30%+40%= 70%)

Isn't (40%*40%)/70%)=0.228?

image text in transcribed
AutoSave On Assignment 4- E-Business . Saving... O Search (Alt+Q) Blossom Elkerbout X File Home Insert Draw Design Layout References Mailings Review View Help Comments Share 11 ~ A A Aav Ap AaBbCcDc AaBbCcDc AaBbCc AaBbcct AaB Find Calibri (Body) Cc Replace Paste LA BIU ab X X A DAY 1 Normal No Spacing Heading 1 Heading 2 Title Dictate Reuse Select Files Clipboard Font Paragraph Styles Editing Voice Reuse Files Assignment 1 A clothing goods company operates retail stores in the Chicago and Cicero areas. Customers were asked to rate their shopping experience. The results are summarized in the table below: Shopping experience Percentage Poor 15% Average 45% Good 40% Consider the following facts: . 60% of the customers who rated their store 'Poor' came from the Cicero area / . 30% of the customers who rated their store 'Average' came from the Cicero area 40% of the customers who rate their store 'Good' came from the Cicero area Determine the probability that a customer who shopping clothing stores in the Cicero area rated his or her experience 'Good". The probability of a customer, who shops at a store in Cicero, rating their experience as 'good' will be determined by how many customers rate the store 'good' and how many people come from Cicero, as a percentage. Overall 'good' rating is 40%. Customers from Cicero and rate the store 'good' is 40%. People who shop at stores in Cicero is 70%. (60% + 30% + 40% = 70%) The probability of that a customer, who shops in Cicero, rates their experience as 'good' is (40%* 40%)/70%= 57.14%. Page 3 of 6 638 words X English (United Kingdom) Accessibility: Investigate TO Focus + 75% 07:56 Type here to search O P O W ENG 25/11/2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

Students also viewed these Mathematics questions