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Use the following to answer the questions below:About 80% of people have seen television ads for a ...

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Use the following to answer the questions below:About 80% of people have seen television ads for a ...

Use the following to answer the questions below:

About 80% of people have seen television ads for a certain product. Of the individuals who see the ad, only 1% buy the product. Of the individuals who do not see the ad, 0.5% buy the product.

Round all answers to three decimal places.

Suppose we randomly select an individual and discover that they have bought the product. What is the probability that they have seen the product's advertisement?

Textbook

Statistics: Unlocking the Power of Data

Edition: 3^rd

Authors: Lock, Morgon

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