Considering the Chart Below, What Is the Probability That If

question 72

Multiple Choice

Considering the chart below, what is the probability that if you select one person at random that
They have committed a violent crime and were under 20 years of age?

• A) 8%
• B) 18%
• C) 26%
• D) 62.7%

---

Definitions:

Price War

Successive price cutting by competitors to increase or maintain their unit sales or market share.

Market Share

The proportion of total sales in a market captured by a particular brand, product, or company, usually expressed as a percentage of total sales in the industry.

Promotional Allowances

Cash payments or an extra amount of “free goods” awarded sellers in the marketing channel for undertaking certain advertising or selling activities to promote a product.

Product-line Pricing

A pricing strategy where different products in the same product line are priced differently, often based on features, materials, or product versions.