Mathematics, 12.02.2020 05:46, aylorcadence

Wing Foot is a particular shoe franchise knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that a new store grosses over $940,000 its first year. Let B be the event that a store grosses over $940,00 its second year. The franchise has an administrative policy of closing a new store if it does not show a profit in either of the first 2 years. The accounting office at the franchise provided the following information: 67% of all the franchise stores show a profit the first year; 69% of all the franchise stores show a profit the second year (this includes stores that did not show a profit the first year); however, 85% of the franchise stores that showed a profit the first year also showed a profit the second year. Compute the following. (Use 2 decimal places.)(a) P(A).(b) P(B).(c) P(B | A).(d) P(A and B).(e) P(A or B).(f) What is the probability that a new Wing Foot store will not be closed after 2 years?What is the probability that a new Wing Foot store will be closed after 2 years?

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:00, puffley

10 ! a train starts from grand city and travels toward belleville 388 miles away. at the same time, a train starts from belleville and runs at the rate of 47 miles per hour toward grand city. they pass each other 4 hours later. find the rate of the train from grand city.

Answers: 1

continue

Mathematics, 21.06.2019 18:00, bravomichelle75

Aschool puts on a play. the play costs $1,200 in expenses. the students charge $4.00 for tickets. there will be one performance of the play in an auditorium that seats 500 people. what is the domain of the function that shows the profit as a function of the number of tickets sold?

Answers: 2

continue

Mathematics, 21.06.2019 22:40, AbigailHaylei

What are the excluded values? m+5/mn+3m

Answers: 1

continue

Mathematics, 22.06.2019 02:30, misk980

Atrain traveled for 1.5 hours to the first station, stopped for 30 minutes, then traveled for 4 hours to the final station where it stopped for 1 hour. the total distance traveled is a function of time. which graph most accurately represents this scenario? a graph is shown with the x-axis labeled time (in hours) and the y-axis labeled total distance (in miles). the line begins at the origin and moves upward for 1.5 hours. the line then continues upward at a slow rate until 2 hours. from 2 to 6 hours, the line continues quickly upward. from 6 to 7 hours, it moves downward until it touches the x-axis a graph is shown with the axis labeled time (in hours) and the y axis labeled total distance (in miles). a line is shown beginning at the origin. the line moves upward until 1.5 hours, then is a horizontal line until 2 hours. the line moves quickly upward again until 6 hours, and then is horizontal until 7 hours a graph is shown with the axis labeled time (in hours) and the y-axis labeled total distance (in miles). the line begins at the y-axis where y equals 125. it is horizontal until 1.5 hours, then moves downward until 2 hours where it touches the x-axis. the line moves upward until 6 hours and then moves downward until 7 hours where it touches the x-axis a graph is shown with the axis labeled time (in hours) and the y-axis labeled total distance (in miles). the line begins at y equals 125 and is horizontal for 1.5 hours. the line moves downward until 2 hours, then back up until 5.5 hours. the line is horizontal from 5.5 to 7 hours

Answers: 1

continue

Do you know the correct answer?

Wing Foot is a particular shoe franchise knows that its stores will not show a profit unless they gr...