A Cell Phone Salesperson Has Kept Records on the Customers

question 124

Short Answer

A cell phone salesperson has kept records on the customers who visited his store. Forty percent of the customers who visited the store were female. Furthermore, the data show that 35% of the females who visited his store purchased a cell phone, while 20% of the males who visited his store purchased a cell phone. Let A₁ represent the event that a customer is a female, A₂ represent the event that a customer is a male, and B represent the event that a customer will purchase a phone.
What is the probability that a male customer will purchase a cell phone?

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Definitions:

Construction Inventory

Goods and materials held by a company for use in the production or construction of projects, not yet completed or sold.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders’ equity at a specific point in time, offering a snapshot of its financial position.

Producers

Producers are individuals, companies, or entities that create, manufacture, or furnish goods or services for consumption in the economic supply chain.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, often used as inputs in the production of other goods or services.