Probability that a randomly chosen member of the population

Assignment Help Basic Statistics
Reference no: EM131369843

A financial service company advertises its services in magazines, runs billboard ads on major highways, and advertises its services on the radio.

The company estimates that there is a 0.10 probability that a given individual will see the billboard ad during the week, a 0.15 chance that he or she will see the ad in a magazine, and a 0.20 chance that she or he will hear the advertisement on the radio during the week.

What is the probability that a randomly chosen member of the population in the area will be exposed to at least one method of advertising during a given week? (Assume independence.)

Reference no: EM131369843

Questions Cloud

Case of managerial hubris : Read the case study, "The 1920 Farrow's Bank Failure: A Case of Managerial Hubris." This case is located in the ABI/Inform Complete database found in the CSU Online Library (see reference below). Hollow, M. (2014). The 1920 Farrow's bank failure:
Determine the deceleration of the meteor : A 2-mm-diameter meteor of specific gravity 2.9 has a speed of 6 km/s at an altitude of 50,000 m where the air density is 1.03 × 10-3 kg/m3. If the drag coefficient at this large Mach number condition is 1.5, determine the deceleration of the meteor.
Discuss the elements of organizational designs : Discuss the elements of organizational designs and how organizational design is linked to organizational behavior, communication, delegation, job satisfaction, and employee motivation. What have you experienced in the workplace?
Estimate the wind force on the antenna : Estimate the energy that a runner expends to overcome aerodynamic drag while running a complete marathon race. This expenditure of energy is equivalent to climbing a hill of what height? List all assumptions and show all calculations.
Probability that a randomly chosen member of the population : What is the probability that a randomly chosen member of the population in the area will be exposed to at least one method of advertising during a given week?
What would the value of the dow : The Dow Jones Industrial Average was 838.92 on December 31, 1970, and 11,577.51 on December 31, 2010. The CPI was at 39.8 in December 1970 and 219.2 in December 2010. If the Dow had increased by just as much as consumer prices, what would the value..
What percentage of the people in the firms potential market : An accounting firm carries an advertisement in The Wall Street Journal.- What percentage of the people in the firm's potential market see and remember the advertisement?
New product development process at consumer products : You were just hired to manage the new product development process at a consumer products company. In your first meeting with the CEO since being hired, she recounted to you the numerous times in the past when the company launched products it thought ..
What is the probability that none of them is defective : What is the probability that none of them is defective? What is the probability that at least one is defective? Explain.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Hypothesis testing of mean-tar content in cigarettes

The mean tar content of a simple random sample of 25 unfiltered king size cigarettes is 21.1 mg, with a standard deviation of 3.2 mg.

  A sample of 12 clock radios is randomly selected without

in a batch of 8000 clock radios 8 are defective. a sample of 12 clock radios is randomly selected without replacement

  What hypothesis testing model my models handout would be use

What hypothesis testing model (my “models” handout) would be used under each of the following conditions. Use the “model number” from my handout if you wish. By line the information given in each cell is: Level of measurement, number of groups, sampl..

  Probability of choosing area code ends with odd number

Determine the probability of choosing the area code at random which ends in the odd number if first digit cannot be 1 or 0?

  Affects the monthly exchange rate movements

New Hampshire Co. expects that monthly capital flows between the United States and Japan will be the major factor that affects the monthly exchange rate movements of the Japanese yen in the future, as money will flow to whichever country has the h..

  Binomial random variable

Assume that the number of left-handers is a binomial random variable. (Refer to the formula for mean and standard deviation for binomial prob. Distribution)

  You conducted a chi-square goodness of fit test in your

you conducted a chi-square goodness of fit test in your asci 691 capstone project. unfortunately you did not get the

  Represent a set as a list of distinct elements

We can represent a set as a list of distinct elements, and we can represent the set of all subsets of the set as a list of lists. For example, if the set is (1 2 3), then the set of all subsets is (() (3) (2) (2 3) (1) (1 3) (1 2) (1 2 3)).

  Test claim that mean responses are same for all patients

Test claim that mean responses are same for all populations of patients receiving either treatment and of either gender.

  What type of bias associated with a data collection system

Would the results of this survey be considered a random sample - what type of bias might be associated with a data collection system such as this?

  Why was the eeoc necessary in the 1960

Why was the EEOC necessary in the 1960s? Given the many advancements made against discrimination today, do we still need the EEOC? Explain your responses.

  What are the control limits for an chart

A company makes molded plastic toys. They study the plastic injection process into the molds. A common cause of variation and What are the control limits for an chart

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd