On Tuesday a Store Advertised a Special Sale for Wednesday

question 23

Multiple Choice

On Tuesday a store advertised a special sale for Wednesday.On Wednesday it was found that 60% of customers had known about the sale and,of these customers,40% bought a sale item.Of the customers that had not known about the sale,20% bought a sale item.If a customer bought a sale item,what is the probability that he or she had known about the sale?

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Definitions:

Expected Future Cash Flows

The projected amount of money a company expects to receive and pay out over future periods.

Risk

The exposure to potential financial loss or gain, often measured by the variability of returns.

Limited Liability Protection

A legal structure that shields a company's owners from being personally responsible for the company's debts or liabilities.

Corporate Form

A legal business structure recognized in many jurisdictions allowing the company to operate as a separate legal entity apart from its owners, providing limited liability and ease of ownership transfer.