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Subscriptions to the New York Times Have Been Decreasing as More

question 21

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Subscriptions to the New York Times have been decreasing as more customers receive their news through other media.  At the same time, advertisers have shifted portions of their spending to other media.  The NYT's managers are making decisions under:


Definitions:

Independent Events

Two or more events where the occurrence of one does not affect the probability of occurrence of the others.

Independent Events

Independent events are two or more events whose outcomes do not influence each other, meaning the occurrence of one event does not affect the probability of the other.

Mutually Exclusive Events

Two or more events that cannot occur at the same time in any given experiment or real-life situation.

Conditional Probability

The probability of one event occurring with some relationship to one or more other events.

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