TABLE 4-4 Suppose That Patrons of a Restaurant Were Asked Whether They

question 15

Short Answer

TABLE 4-4
Suppose that patrons of a restaurant were asked whether they preferred water or whether they preferred soda.70% said that they preferred water.60% of the patrons were male.80% of the males preferred water.
-Referring to Table 4-4,suppose a randomly selected patron is a female.Then the probability that the patron prefers water is ________.

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Definitions:

International Markets

Markets that extend beyond a country's boundaries, involving the trading and selling of goods and services across the world.

Product Adaptation

The process of modifying a product to better suit the needs or preferences of a specific market or demographic.

Glocalization Strategy

A business strategy that involves adapting a global product or service to suit local tastes and cultures.

Global Sales

Refers to the total sales of products or services worldwide, encompassing various geographic regions and international markets.