Hand Soap Product Narrative

question 64

Essay

Hand Soap Product Narrative
A hand soap manufacturer introduced a new liquid, lotion-enriched, antibacterial soap and conducted an extensive consumer survey to help judge the success of the new product. The survey showed 40% of the consumers had seen an advertisement for the new soap, 20% had tried the new soap, and 15% had both seen an advertisement and tried the new soap. Let event A denote that the consumers had seen an ad for the new soap, and event B denote that the consumers had tried the new soap.
-Refer to Hand Soap Product Narrative. What is the probability a randomly selected consumer had either seen an advertisement or tried the new soap?

Understand organizational fundamentals including division of labor, hierarchy of authority, and decision-making structures.

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Understand the concepts of differentiation, integration, centralization, and decentralization in organizational structure.

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Definitions:

Total Income

The sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received by individuals or entities within a specified period.

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating how much tax will be paid on an additional dollar of income.

Average Tax Rate

The percentage of total income that is paid as tax, calculated by dividing the total tax amount by the total income.