The Probability That a New Advertising Campaign Will Increase Sales

question 97

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 neither the cost is kept within budget nor the campaign will increase sales is

• A) 0.12.
• B) 0.32.
• C) 0.68.
• D) 0.88.

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Definitions:

Right to Vote

The entitlement of citizens in a democracy to participate in elections to choose their representatives, considered a fundamental political right.

Treaty of Guadalupe Hidalgo

The 1848 agreement that ended the Mexican-American War and resulted in the U.S. acquiring territories from Mexico, including parts of present-day Arizona, California, Colorado, Nevada, New Mexico, Utah, and Wyoming.

Manifest Destiny

A 19th-century belief that the expansion of the U.S. across the American continents was both justified and inevitable.

Johann Blumenbach

A German physician, naturalist, physiologist, and anthropologist known for his influential work in the classification of human races.