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A large operator of timeshare complexes requires anyone

Probability and Statistics for Engineers and the Scientists | 9th Edition | ISBN: 9780321629111 | Authors: Ronald E. Walpole; Raymond H. Myers; Sharon L. Myers; Keying E. Ye ISBN: 9780321629111 32

Solution for problem 65E Chapter 2

Probability and Statistics for Engineers and the Scientists | 9th Edition

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Probability and Statistics for Engineers and the Scientists | 9th Edition | ISBN: 9780321629111 | Authors: Ronald E. Walpole; Raymond H. Myers; Sharon L. Myers; Keying E. Ye

Probability and Statistics for Engineers and the Scientists | 9th Edition

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Problem 65E

A large operator of timeshare complexes requires anyone interested in making a purchase to first visit the site of interest. Historical data indicates that 20% of all potential purchasers select a day visit, 50% choose a one-night visit, and 30% opt for a two-night visit. In addition, 10% of day visitors ultimately make a purchase, 30% of one night visitors buy a unit, and 20% of those visiting for two nights decide to buy. Suppose a visitor is randomly selected and is found to have made a purchase. How likely is it that this person made a day visit? A one-night visit? A two-night visit?

Step-by-Step Solution:
Step 1 of 3

Solution: Step1: Here based on the given data 20% of all potential purchasers select a day visit, 50% choose a one-night visit, and 30% opt for a two night visit In addition, 10% of day visitors ultimately make a purchase, 30% of one night visitors buy a unit, and 20% of those visiting for two nights decide to buy. A visitor is randomly selected and is found to have a made a purchase. Step2: a) We have to find the probability that selected person made a day visit. Here it is given that among 20% of day visitors 10% makes a purchase. Also among 50% of one- night visitors 30% purchase a unit. And among 30% of two- night visitors 20% makes a purchase. So based on this given information we can make probability table. Purchase yes No total Day visit .02 .18 .2 Visit .15 .35 .5 One-night visit .06 .24 .3 Two-night visit It is given that the randomly selected person made a purchase. Let A be the event that selected visitor made a purchase.And also...

Step 2 of 3

Chapter 2, Problem 65E is Solved
Step 3 of 3

Textbook: Probability and Statistics for Engineers and the Scientists
Edition: 9
Author: Ronald E. Walpole; Raymond H. Myers; Sharon L. Myers; Keying E. Ye
ISBN: 9780321629111

This textbook survival guide was created for the textbook: Probability and Statistics for Engineers and the Scientists, edition: 9. Since the solution to 65E from 2 chapter was answered, more than 749 students have viewed the full step-by-step answer. The answer to “A large operator of timeshare complexes requires anyone interested in making a purchase to first visit the site of interest. Historical data indicates that 20% of all potential purchasers select a day visit, 50% choose a one-night visit, and 30% opt for a two-night visit. In addition, 10% of day visitors ultimately make a purchase, 30% of one night visitors buy a unit, and 20% of those visiting for two nights decide to buy. Suppose a visitor is randomly selected and is found to have made a purchase. How likely is it that this person made a day visit? A one-night visit? A two-night visit?” is broken down into a number of easy to follow steps, and 105 words. The full step-by-step solution to problem: 65E from chapter: 2 was answered by , our top Statistics solution expert on 05/06/17, 06:21PM. Probability and Statistics for Engineers and the Scientists was written by and is associated to the ISBN: 9780321629111. This full solution covers the following key subjects: visit, night, day, Purchase, Buy. This expansive textbook survival guide covers 18 chapters, and 1582 solutions.

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