THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 330

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A market research firm regularly assembles panel of consumers to test new television commercials for effectiveness.The consumers are told that they are evaluating a pilot TV program.After viewing the hour-long program,complete with commercials,they are asked many questions about the program and some about the commercial - the actual object of research.A tabulation of results from one panel counted the number of panelists who recalled the product incorrectly,the number who recalled the product correctly and had a favorable opinion,and the number who recalled the product correctly and had an unfavorable opinion.

-Use the addition rule to find the probability that a randomly chosen consumer recalled the commercial.

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Definitions:

Restitution

Restitution is the act of compensating for loss or damage caused by one’s actions, often involving the return of stolen goods or payment of money to cover damages.

Voidable Contract

A contract that is valid and enforceable on the surface, but can be declared void by one of the parties due to certain defects.

Stipulate

Stipulate means to make a specific demand or condition as part of an agreement or contract.

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty, which may give the aggrieved party the right to legal remedies.