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Probabilities
The prior probabilities for two events A1 and A2 are P(A1)= .30 and P(A2)= .70.It is also known that P(A1 and A2)= 0.Suppose P(B / A1)= .15 and P(B / A2)= .05.
-Compute P(A2 and B).
Marketing Strategies
Planned actions aimed at promoting and selling a product or service to target customers.
Utility
In economics, utility refers to the total satisfaction received from consuming a good or service.
Mass Customization
A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
Individual Features
Specific characteristics or attributes that distinguish one person or thing from another.
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