Consumer Surveys Indicate That 40% of Newspaper Readers Read Automobile

question 42

Essay

Consumer surveys indicate that 40% of newspaper readers read automobile ads and 5% of those who read the ads actually purchase automobiles. On the other hand, 50% of magazine readers read automobile ads but only 3% of those who read the ads actually buy a car. Among those who do not read either newspaper or magazine auto ads, 1% buys cars anyway. Sixty percent of the population reads newspapers, while 20 percent primarily read magazines. Compute the overall percentage of the population that purchases automobiles in a given year. (To aid your analysis, you might wish to draw a decision tree listing appropriate probabilities for the three aforementioned reading segments.)

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Definitions:

Mass Incarceration

The substantial increase in the number of individuals imprisoned in the United States, starting in the last quarter of the 20th century.

Policies

Deliberate plans of action, guidelines, or principles designed to influence and determine decisions, actions, and other matters.

Supermax Prison

A high-security prison designed to house and manage the most dangerous inmates with very restrictive conditions.

Nickname

An informal, often descriptive name given to a person or thing instead of or in addition to their formal name, usually reflecting some characteristic or attribute.