The probability that a customer will buy a product given that he or she has seen an advertisement for the product is 0.18. The probability that a consumer will see an ad for this particular product is 0.20. i. ii. What is the probability that a consumer will both see the ad and buy the product? The probability that a consumer who did not see this ad will buy the product is 0.05. Find the probability that a given consumer will buy the product.
Answers
The probability that a customer will buy a product given that he or she has seen an advertisement for the product is 0.15. The probability that a consumer will see an ad for this particular product is 0.20. What is the probability that a consumer will both see the ad and buy the product? Select one or more: u a. 0.75 b. 0.03 D c. 0.35 HP d. 0.035 e. 0.075
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Step-by-step explanation:
Let A be the case where the observer saw the advertisement, and let B represent the case that the observer bough the item.
What we know is the following:
P(B|A)=.56, the probability that an observer buys the item given that they saw the ad is 56%
P(B|
¯
A
)=.08, the probability that an observer buys the item given that they did not see the ad is 8%
P(A)=.25, the probability that someone saw the ad, regardless of whether they bought an item or not is 25%.