View the step-by-step solution to:

A retail outlet wanted to know whether its weekly advertisement in the daily newspaper works. To acquire this critical info, the store manager...

A retail outlet wanted to know whether its weekly advertisement in the daily newspaper works. To acquire this critical info, the store manager surveyed the people in the store. Based on the survey, 30 percent made a purchase and 60 percent had seen the ad. 40 percent of the customers said that they had not seen the ad.

1.) Among the customers who had not seen the ad, what is the probability that they will make a purchase?

I know the answer is .120 but how did you get that?? Please include the 3 by 2 table or whatever.
Sign up to view the entire interaction

Top Answer

Attached is a detailed explanation... View the full answer

8437632.doc

A retail outlet wanted to know whether its weekly advertisement in the daily newspaper works. To acquire this critical info, the store manager surveyed the people in the store. Based on the survey,...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online