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:

Revaluation of Machinery

The process of updating the book value of machinery to reflect its current market value.

Accumulated Depreciation

The total amount of depreciation expense that has been claimed on an asset since it was put into use, reducing its book value.

Gain on Revaluation

An increase in the value of an asset based on current market prices, resulting in a higher estimated worth than its recorded book value.

Estimated Useful Life

The length of time an asset is expected to be usable for its intended purpose, used to calculate depreciation.