1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
podryga [215]
2 years ago
9

After graduation your first job is with abibas inc., a company that specializes in sportswear with collegiate logos. to improve

profits the company wants to introduce a new selection of sportswear. the company will choose either the unc-ch or nc state logo. the marketing department's research shows that the odds are 96 to 1 that the new sportswear based on the unc-ch logo will be profitable, while the odds are only 24 to 1 that the new sportswear based on the nc state logo will be profitable. therefore the marketing department concludes that the unc-ch logo is the overwhelming favorite. the marketing department also says that since 96 = 4*24, the company should spend 4 times as much money developing the unc-ch sportswear than it would spend developing the nc state sportswear. you claim that the situation is not as overwhelming as it appears and that spending that much more on the unc-ch logo would be a mistake.
required:
a. calculate the probability that the new sportswear based on the unc-ch logo will be profitable.
b. calculate the probability that the new sportswear based on the ncstate logo will be profitable.
Mathematics
1 answer:
Aleksandr [31]2 years ago
4 0

The probability that the new UNC-CH logo will be profitable is <u>0.9897 </u>while the probability for NC State will be <u>0.9600.</u>

<h3 /><h3>What is the probability that the brands will be successful?</h3>

The probability that the UNC-CH logo is successful is:

= Favorable odds / Total odds

= 96 / (96 + 1)

= 0.9897

The probability that the NC State logo is profitable is:

= Favorable odds / Total odds

= 24 / (24 + 1)

= 0.9600

There is less than a 3% variation in both logos' profitablility probability so the company should not spend 4 times more on UNC-CH.

Find out more on probabilities of profit at brainly.com/question/13500115.

#SPJ1

You might be interested in
All of the following ordered pairs satisfy the function rule y = -2 x - 1 except _____. Plz help (-2, 3) (0, -1) (2, -5) (-1, -3
Kruka [31]
Start by plugging in all your answer choices and see which ones make the solution true
6 0
3 years ago
Select the equation below that could represent:
Irina-Kira [14]

Answer:

I think it might be the 2 one

3 0
3 years ago
Find the unknown angle in tye guven figure with reason​
Sunny_sXe [5.5K]

Step-by-step explanation:

the opposite angles are always same.

8 0
3 years ago
What’s -2f-3=7 I cant figure it out
iVinArrow [24]

Answer:

12

Step-by-step explanation:

-2f-3=7

+2f-3=7+2

f-3=9

f+3=9+3

f=12

i think

8 0
3 years ago
Read 2 more answers
How do you write 79% as a fraction or whole number in simplest form?
Nikolay [14]
79% = 0.79= 79/100
(not sure if this is what you meant?)

4 0
3 years ago
Read 2 more answers
Other questions:
  • Identify whether the series summation of 12 open parentheses 3 over 5 close parentheses to the i minus 1 power from 1 to infinit
    15·1 answer
  • Evaluate 6t−20−32u when t=6 and u=1/4
    9·2 answers
  • Chen has 4 pizzas to share with his friends. If each person will eat 2/3 of a pizza,how many people can share the pizzas?
    14·1 answer
  • Help solve the problem pls
    10·1 answer
  • 5:15 as a equivalent ratio
    7·1 answer
  • Find the area of the trapezoid. Round to the nearest hundredth.
    10·1 answer
  • What is (5^7)(5^9) as a number to a single<br> power?
    15·2 answers
  • Compare these two numbers.<br><br> Is 2.38×105__ 3.07×104?<br><br> A &gt;<br><br> B &lt;<br><br> C =
    13·2 answers
  • I rlly need help with thins question asap​
    14·2 answers
  • On Monday,221 students went on a trip to the zoo.all 4 buses were filled and 5 students had to travel in cars how many students
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!