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.
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Answer:
False
Step-by-step explanation:
0.15/10 equals 0.015
Well you are trying to find x, so you would divide 5/8 by itself and on the other side.
(5/8x / 5/8) = (10 / 5/8)
x=16
Hope this helps!
Probability is 1/3! this is because the out off the odd numbers, only one is grey.