A marketing company specializes in providing assessments of prospects for sport shops in strip malls. The prospects are rated as good, fair, or poor. Below is a table representing the number of prospects making profits and not making profits in the first year. Good Fair Poor profit 96 36 4 no profit 24 24 16 If a prospect was randomly selected, what is the probability the prospect would make a profit? Round your answer to two decimal places. ______________ If a prospect was randomly selected, what is the probability the prospect would be rated as good or would not make a profit? Round your answer to two decimal places. ________________ If a prospect was randomly selected, what is the probability the prospect was rated as poor, given the prospect did not make a profit? Round your answer to two decimal places. _____________
A marketing company specializes in providing assessments of prospects for sport shops in strip malls. The prospects are rated as good, fair, or poor. Below is a table representing the number of prospects making profits and not making profits in the first year. Good Fair Poor profit 96 36 4 no profit 24 24 16 If a prospect was randomly selected, what is the probability the prospect would make a profit? Round your answer to two decimal places. ______________ If a prospect was randomly selected, what is the probability the prospect would be rated as good or would not make a profit? Round your answer to two decimal places. ________________ If a prospect was randomly selected, what is the probability the prospect was rated as poor, given the prospect did not make a profit? Round your answer to two decimal places. _____________
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 50E: Medicine Out of a group of 9 patients treated with a new drug, 4 suffered a relapse. Find the...
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A marketing company specializes in providing assessments of prospects for sport shops in strip malls. The prospects are rated as good, fair, or poor. Below is a table representing the number of prospects making profits and not making profits in the first year.
| Good | Fair | Poor | |
| profit |
96 |
36 | 4 |
| no profit | 24 | 24 | 16 |
- If a prospect was randomly selected, what is the
probability the prospect would make a profit? Round your answer to two decimal places. ______________ - If a prospect was randomly selected, what is the probability the prospect would be rated as good or would not make a profit? Round your answer to two decimal places. ________________
- If a prospect was randomly selected, what is the probability the prospect was rated as poor, given the prospect did not make a profit? Round your answer to two decimal places. ________________
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