The Probability That a New Advertising Campaign Will Increase Sales

question 28

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. Assuming that 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:

Personal Growth

involves the pursuit of learning, development, and improvement of one's skills, knowledge, and overall character.

Collaboration

Working together in pursuit of a common cause; cooperation in a joint effort.

Underlying Differences

Fundamental or basic distinctions that are not immediately obvious but form the basis of variance between entities or issues.

Mutual Benefit

A principle or arrangement in which all parties involved gain advantages or profits.