The Probability That a New Advertising Campaign Will Increase Sales

question 123

Multiple Choice

The probability that a new advertising campaign will increase sales is assessed as being 0.80.The probability that the cost of developing the new ad campaign can be kept within the original budget allocation is 0.40.If the two events are independent,the probability that the cost is kept within budget and the campaign will increase sales is:

• A)0.20
• B)0.32
• C)0.40
• D)0.88

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Definitions:

Provincial Government Clerk

An administrative official working within the provincial government, responsible for handling clerical duties, record keeping, and other bureaucratic tasks.

Regulation

is a rule or directive made and maintained by an authority to control or govern behavior, often in a specific industry or activity.

Examination in Aid

A legal process involving the interrogation of a party or witness, under oath, to clarify matters pertinent to a judicial case or administrative proceeding.

Judgment Creditor

The party in a lawsuit who has been awarded a judgment by the court and has the right to use legal means to enforce it against the judgment debtor.