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dalvyx [7]
3 years ago
7

The probability that a new advertising campaign will increase sales is assessed as being 0.80. The probability that the cost of

developing the new ad campaign can be kept within the original budget allocation is 0.40. Assuming that the two events are independent, the probability that the cost is kept within budget or the campaign will increase sales is:
Mathematics
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

The probability that the cost is kept within budget or the campaign will increase sales is 0.88

Step-by-step explanation:

The probability that the cost is kept within budget (event A) <u>or</u> the campaign will increase sales (event B) is the <u>union</u> of the probability of those two events. By basic properties of probability, this is:

P(A ∪ B) = P(A) + P (B) - P(A ∩ B)

and for independent events:

P(A ∩ B) = P(A) * P(B)

So:

P(A ∪ B) = 0.80 + 0.40 - (0.80*0.40) = 1.20 - 0.32 = 0.88

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luda_lava [24]

The exponential equation of the model is A(t) = 2583 * 0.88^t and the multiplier means that the number of new cases in a week is 88% of the previous week

<h3>The function that models the data</h3>

The given parameters are:

New, A(t) = 2000

Rate, r = 12%

The function is represented as:

A(t) = A * (1 - r)^t

So, we have:

2000 = A * (1 - 12%)^t

This gives

2000 = A * (0.88)^t

2 weeks ago implies that;

t = 2

So, we have:

2000 = A * 0.88^2

Evaluate

2000 = A * 0.7744

Divide by 0.7744

A = 2583

Substitute A = 2583 in A(t) = A * 0.88^t

A(t) = 2583 * 0.88^t

Hence, the exponential equation of the model is A(t) = 2583 * 0.88^t

<h3>The interpretation of the multiplier</h3>

In this case, the multiplier is 88% or 0.88

This means that the number of new cases in a week is 88% of the previous week

Read more about exponential equation at

brainly.com/question/2456547

#SPJ1

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