THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 241

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A recent marketing survey tried to relate a consumer's awareness of a new marketing campaign with their rating of the product.Consumers rated their awareness as low,medium,or high,and rated the product as poor,fair,or good.The results are presented below.
-What is the probability that a consumer who had medium awareness ranked the product as fair or good?

Determine the percentage of one quantity relative to another.

Calculate the earnings or fees based on a combination of fixed amounts, per unit amounts, and percentages.

Calculate original prices before a mark-up or margin.

Calculate expected outcomes given a percentage rate.

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Definitions:

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.

Calculated

Determined by mathematical methods; involving the process of using mathematical or logical techniques to derive a result.

Measure

A method or tool used to quantify or evaluate a variable or quantity.