Manufacturers
a Large Men's Store in a Mall Purchases Suits

question 112

Short Answer

Manufacturers
A large men's store in a mall purchases suits from four different manufacturers in short,regular,and long.Their current selections are given in the contingency table below: $$\begin{array}{l}\quad \quad \quad \quad \quad \quad \quad \text { Маnufacturers }\\\begin{array} { | c | c c c c | c | } \hline \text { Length } & \boldsymbol { H M S } & \boldsymbol { H F } & \boldsymbol { R L } & \boldsymbol { J C } & \text { Total } \\\hline S & 15 & 15 & 35 & 35 & 100 \\R & 60 & 70 & 75 & 70 & 275 \\L & 25 & 35 & 40 & 25 & 125 \\\hline \text { Total: } & 100 & 120 & 150 & 130 & 500 \\\hline\end{array}\end{array}$$ Let the abbreviations and letters represent the events.For example Event S = a randomly selected suit is short,event HMS = a randomly selected suit is manufactured by HMS.
-Compute P(S and HMS).

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Definitions:

Consignee

The retailer in a consigned inventory arrangement.

Retailer

A business entity that sells goods or services directly to consumers through various distribution channels to earn a profit.

Current Replacement Cost

The amount of money it would cost to replace an asset at the present time, considering its current condition.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.