What is the probability, Basic Statistics

Suppose the entire cola industry produces only two colas viz., Pepsi and Coke.  Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi.  Given that a person last purchased Coke, there is an 80% that the next purchase will be Coke.

i.  If a person is currently a Coke purchaser, what is the probability that two purchases from now he will purchase Pepsi ?

ii. If a person is currently a Pepsi purchaser, what is the probability that from three purchases from now he will purchase Pepsi ?



Posted Date: 2/27/2013 12:50:34 AM | Location : United States

Related Discussions:- What is the probability, Assignment Help, Ask Question on What is the probability, Get Answer, Expert's Help, What is the probability Discussions

Write discussion on What is the probability
Your posts are moderated
Related Questions
Write a report to an investor comparing the performance by using the financial statements between two different companies

A researcher is interested in comparing tastiness of different parts of cheese in grilled cheese sandwiches.  The researcher expects that Cheddar cheese grilled sandwiches are rate

#question.differentiate between historigram and histogram.

The 70-m microwave transmission tower

Definition of capital market is termed as a market where shares are traded after an initial issue. Capital market is the market where corporations, companies, and government debt

A travel agency surveyed 38 customers holidaying in Australia who took their spouses on either a skiing or a golfing vacation.  The data comprises amounts (in hundreds of dollars).

Can you do my accounting assignment?

Normal Reaction: When two materials are in get in touch with, then the materials put out makes on each other. The makes are reverse to each other in route and are similar to each o

How i can find accounting tutor for my homework due by today? I need urgent help in my homework, please let us know when i can get homework help

Let a and b be constants and le yi=axi+b for i=1,2,...n. W HAT IS THE RELATION SHIP BETWEEN mean and variancees of X and Y ?