Calculating probability of sale

Related BrainMass Solutions

• calculating probability using classical probability model

  Real estate ads suggest that 64% of homes for sale have garages, 21% have swimming pools, and 17% have both features. What is the probability that a home for sale has: a) A pool or a garage? b) Neither a pool nor a garage?

• Brand Probability is determined.

  of No Sale or a Sale then P = 3/8
  But as there are different probabilities for each outcome we need to be more specific
  The probability of A Sale * B Sale * C No Sale is 0.7 * 0.6 * 0.5 = 0.21
  The probability of A Sale * B No Sale

• Hypothesis testing, scatter diagrams, test statistics

  What is the probability of randomly selecting a sale to someone over 40 given that it was a male customer? b. What is the probability that the randomly selected sale was to someone under 20 and was a female customer? c.

• Calculating a probability from a binomial random variable

  15964 Calculating a probability from a binomial random variable Assume that 12 percent of adults in this country have filed for bankruptcy at some point in their life.

• Probability for a uniformly distributed random variable

  r upper limit of the range for which we are calculating probability The distribution is uniform, therefore probability will be a) P=(175-150)/(175-110)=0.3846 b) P=(160-120)/(175-110)=0.6154 Solves a short problem on uniformly distributed random

• Normal distribution :Probability and conditional probability

  This provides examples of calculating probability and conditional probability from normal distributions.

• calculating probability with or without replacement

  581046 Calculating Probability With or Without Replacement Two cards are drawn from single deck of 52 cards one after the other. - Find the probability of selecting a king from the first card.

• Three questions on geometric distribution, poisson distribution, and binomial distribution

  Find the probability that you (a) make your first sale on the 5th call, (b) make your first sale on the 1st call 2nd, 3rd, and 4th call. and (c) you do make a sale on one of the first call. Please see the attached file.

• A simple exercise in calculating conditional probability.

  15597 A simple exercise in calculating conditional probability. A math teacher gave her class two tests. 25% of the class passed both tests, and 42% of the class passed the first test.

• Calculating z statistic and Probability

  Calculating z statistic and Probability