Here Is Market Basket Data for 1,000 Transactions at a Drug

question 55

Multiple Choice

Here is Market Basket data for 1,000 transactions at a Drug Store.Use the table below to answer the following questions.

-Refer to the table above.What is the definition of confidence for Drug B with reference to Drug A?

• A)The probability that Drug A will be purchased.
• B)The probability that Drug B will be purchased.
• C)The probability that both Drug A and Drug B will be purchased.
• D)The probability that Drug A will be purchased given that Drug B has been purchased.
• E)The probability that Drug B will be purchased given that Drug A has been purchased.

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Definitions:

Cash Cycle

The period of time it takes for a company to convert its investments in inventory back into cash, reflecting how efficiently a company manages its assets.

Credit Terms

Credit terms are the conditions under which a seller extends credit to a buyer, specifying the repayment period, discount for early payment, and applicable interest charges.

Liberal Credit Terms

Credit conditions that are more favorable to the borrower, such as longer repayment periods or lower interest rates.