Probability of not advertising more and revenue increasing

Assignment Help Basic Statistics

Reference no: EM131424308

Marketing and Consumer Behavior The manager at Of The Land Gallery in Red Lake Falls, Minnesota, is looking at many ways to increase pottery sales for next year. The probability that she will advertise more is 0.65, and the probability of advertising more and increasing revenue is 0.35.

a. Suppose the store manager decides to advertise more. What is the probability that revenue will increase?

b. If the store manager does advertise more, what is the probability that revenue will not increase?

c. What is the probability of not advertising more and revenue increasing?

Reference no: EM131424308

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