Probability - health
Not what you're looking for?
Peterson's vitamins, an advertiser in the magazine Healthy Living estimates that 1 Percent of the subscribers will buy vitamins from Petersons. They also estimate that 0.5 percent of nonsubscribers will buy the product and that there is one chance in 20 that a person is a subscriber.
a) find the probability that a randomly selected person will buy the vitamins
b) If a person buys the vitamins, what is the probability he subscribes to Healthy Living?
c) If a person does not buy the vitamins what is the probability she subscribes to Healthy Living?
Purchase this Solution
Solution Summary
These are probability problems regarding health and vitamins.
Solution Preview
probability that a person is a subscriber p(s) = 1/20 = 0.05
probability that a person is a nonsubscriber p(ns) = 1 - 0.05 = 0.95
probability that a subscriber will buy a product p(sb)= 0.5/100 = 0.005
probability that a nonsubscriber will buy a ...
Education
- BEng, Allahabad University, India
- MSc , Pune University, India
- PhD (IP), Pune University, India
Recent Feedback
- " In question 2, you incorrectly add in the $3.00 dividend that was just paid to determine the value of the stock price using the dividend discount model. In question 4 response, it should have also been recognized that dividend discount models are not useful if any of the parameters used in the model are inaccurate. "
- "feedback: fail to recognize the operating cash flow will not begin until the end of year 3."
- "Answer was correct"
- "Great thanks"
- "Perfect solution..thank you"
Purchase this Solution
Free BrainMass Quizzes
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Probability Quiz
Some questions on probability