Consider two products, A and B, both of which have the same purchase probability.Product A has a population size of 1000 and a 50 percent awareness probability. ProductB has a population size of 10,000 and a 5 percent awareness probability. Which productdo you expect to sell more?a. Product Ab. Product Bc. They are expected to sell the same amount.
Consider two products, A and B, both of which have the same purchase probability.Product A has a population size of 1000 and a 50 percent awareness probability. ProductB has a population size of 10,000 and a 5 percent awareness probability. Which productdo you expect to sell more?a. Product Ab. Product Bc. They are expected to sell the same amount.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
Problem 81E
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Consider two products, A and B, both of which have the same purchase
Product A has a population size of 1000 and a 50 percent awareness probability. Product
B has a population size of 10,000 and a 5 percent awareness probability. Which product
do you expect to sell more?
a. Product A
b. Product B
c. They are expected to sell the same amount.
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