Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The owner of a sportswear store recorded the monthly advertising expense thousands of dollars) and the sales (in millions of dollars) over the past 12

image text in transcribed
The owner of a sportswear store recorded the monthly advertising expense thousands of dollars) and the sales (in millions of dollars) over the past 12 months. The data are listed in the table below: Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Advertising 23 46 60 54 28 33 25 31 36 88 90 99 Sales 9.6 11.3 12.8 9.8 8.9 12.512.0 11.4 12.6 13.7 14.4 15.9 For all the blanks below, please just input numerical answers, round the answers to 2 decimal places, and ignore the symbols of the dollar, percentage comma etc. Question (a) [1 mark] The conditional probability of the sales being greater tha 10 (million dollars) if the advertising expense is greater than 20 (thousand dollars) is % . Question (b) [1 mark] The conditional probability of the sales being greater than 10 (million dollars) if the advertising expense is greater than 30 (thousand dollars) is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Probability, Random Variables, And Random Processes

Authors: Hwei P Hsu

3rd Edition

0071824774, 9780071824774

More Books

Students also viewed these Mathematics questions