The Probability That a New Advertising Campaign Will Increase Sales

question 71

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 not kept within budget or the campaign will not increase sales is:

• A)0.12
• B)0.32
• C)0.68
• D)0.88

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Definitions:

Workers' Compensation Award

A financial benefit granted to employees who suffer injuries or illnesses directly related to their job duties.

Work-Related

Pertaining to tasks, activities, or issues that arise in the context of one's employment or workplace.

OSHA

The Occupational Safety and Health Administration (OSHA) is an agency of the United States Department of Labor that ensures safe and healthful working conditions by setting and enforcing standards and by providing training, outreach, education, and assistance.

Employer

An individual or organization that hires and pays individuals for their labor or services.