Answer to Question #123643 in Statistics and Probability for Eric Yamoah

Question

The marketing director of Ghana DASCO Electronics was interested in studying the intention of consumers to purchase new large TV set in 2020 and as a follow- up, whether they in fact actually purchased the television. Suppose that a sample of 1000 household was initially selected and the respondents were asked whether they planned to purchase a large DASCO TV. Twelve months later the same respondents were asked whether they actually purchased the television. The results are summarized in the table below
Planned to Purchase
Yes
No
Total
Yes
200
50
250
No
100
650
750
Total
300
700
i. Draw a tree diagram to represent the information in the table.
ii. Find the probability of selecting a respondent who actually purchased a large television. Interpret your answer in a simple single sentence.
iii. Compute the marginal probability of planning to purchase a large television.
iv. Find the probability of panned purchase or actual purchase.

Answer 1

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