Suppose That About 25% of Ice Cream Sales Are Vanilla

question 29

Multiple Choice

Suppose that about 25% of ice cream sales are vanilla and that about 8% of ice cream sales are chocolate. A customer who buys ice cream is not limited to one container or one flavor. What is the probability that someone who is buying ice cream will buy chocolate or vanilla? [Hint: Use the probability of success.]

• A)0.330
• B)0.310
• C)0.020
• D)0.080
• E)0.350

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Definitions:

U.S. Postal Service

The U.S. Postal Service is a federal agency responsible for providing postal delivery in the United States, offering services such as mail delivery, package shipping, and postage sales.

Marketing Mix

Denotes the collection of strategies or maneuvers utilized by a company to elevate its brand or product presence in the marketplace, typically embodied by the 4Ps: Product, Price, Place, and Promotion.

Controllable Factors

Elements in marketing and business that can be directly managed or influenced by a company, such as product development, pricing, and distribution strategies.

Administrative Forces

Refers to regulatory measures and government laws that affect how businesses operate within a given jurisdiction.