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
3/4 x 1/2 <br> Help need it plss ;-;
Shkiper50 [21]

Answer:

3/8

Step-by-step explanation:

3/4 divide 2 = 4÷2= 3/8

4 0
2 years ago
Read 2 more answers
there is a line that includes the point (1,5) and has a slope of 15. what is its equation in slope-intercept form?​
olchik [2.2K]

Answer:

y = 15x - 10

Step-by-step explanation:

slope is given: 15

(x, y) is given: (1, 5)

plug values into y = mx + b:

5 = (15)(1) + b

solve for b:

b + 15 = 5

b = -10

rewrite the equation:

y = 15x - 10

7 0
3 years ago
Can you please solve 4+3x&gt;24 <br> and thank you :))
Leona [35]

Answer:

x>8

Step-by-step explanation:

4+3x>24

-4      -4

3x > 24

/3     /3

x > 8

3 0
2 years ago
Kevin is 3 times as old as Daniel. 4 years ago, Kevin was 5 times as old as Daniel.
rusak2 [61]

Answer:

24

Step-by-step explanation:

4 years ago, Daniel would've been 4 and Kevin would be 20, so Kevin would've been 5 times as old as Daniel. And 8 x 3 = 24. So, Kevin is 24.

4 0
3 years ago
Read 2 more answers
What are the solutions to the equation 13x? - 17x + 7 = 0?<br> ©
ICE Princess25 [194]

Answer:

x=7/4

Step-by-step explanation:

13x-17x+7=0

-4x+7=0

-4x+7-7=0-7

-4x=-7

-4x/-4=-7/-4

x=7/4

8 0
3 years ago
Other questions:
  • Name two different numbers that round to 8.21 when rounded to the nearest hundredth
    8·2 answers
  • Rewrite 71/9 as a mixed number.
    10·2 answers
  • aA shopkeeper Sold His goods for rupees 16950 25 discount and then 13 % sales tax. find the amount of discount ?​
    6·2 answers
  • Can you explain the steps PLEASE
    13·1 answer
  • Alsion saves $29.26 each month. How many months will it take her to save enough money to buy a stereo for $339.12?
    6·1 answer
  • I need help plzzzzzzz answer this for ten points????
    13·2 answers
  • Use De Morgan’s laws to write an equivalent statement.
    7·1 answer
  • TRUE OR FALSE PLEASE HELP ME IM CRYING
    14·2 answers
  • 1
    5·1 answer
  • Simplify.<br> 1/4(3x-7)+3/4x
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!