Essay
A market research study is being conducted to determine if a product modification will be well received by the public. A total of 1,000 consumers are questioned regarding this product.
The table below provides information regarding this sample. 
(a) What is the probability that a randomly selected male would find this change unfavorable (negative)?
(b) What is the probability that a randomly selected person would be a female who had a positive reaction?
(c) If it is known that a person had a negative reaction to the study, what is the probability that the person is male?
Correct Answer:
Verified
(a) 100/400 = 0.25 (...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q32: The variance of a binomial distribution is
Q59: Assume that you have an urn containing
Q66: The number of bad checks written at
Q75: Suppose that,historically,April has experienced rain and a
Q86: Using the table for finding the areas
Q88: A new young executive is perplexed at
Q91: The F distribution is a continuous probability
Q140: A new television program was viewed by
Q141: Saying that a set of events is
Q150: If two events (A,B)are independent, what is