Purchase of a Product The market researchdepartment at a
Chapter 2, Problem 2.310(choose chapter or problem)
Purchase of a Product The market researchdepartment at a manufacturing plant determines that20% of the people who purchase the plants productduring any month will not purchase it the next month.On the other hand, 30% of the people who do notpurchase the product during any month will purchaseit the next month. In a population of 1000 people,100 people purchased the product this month. Howmany will purchase the product (a) next month and(b) in 2 months?
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