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Table 5 Low Price Medium price High price High quality 60 60 80 Low quality 40 20 40 Using table 5 above 1) What is

Table 5

Low Price

Medium price

High price

High quality

60

60

80

Low quality

40

20

40

Using table 5 above

1) What is the probability of randomly selecting a low price product 0.330.130.600.300.733.330.95 ?

2) What is the probability of selecting a low quality product and high price 0.330.130.600.300.733.330.95 ?

3) What is the probability of selecting a low quality or high price product 0.330.130.600.300.733.330.95 ?

4) Given a client selects high quality, what is the probability of selecting a mediumpriceproduct 0.330.130.600.300.733.330.95 ?

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