Question
In: Statistics and Probability
Following their Super Bowl advertisement campaign, Larsson and Mitchell Advertising Inc. has no- ticed that 1...
Following their Super Bowl advertisement campaign, Larsson and Mitchell Advertising Inc. has no- ticed that 1 in 50 potential customers of Papa John’s Pizza has viewed a specific pizza advertisement on social media, 1 in 5 has viewed the same advertisement on television, and 1 in 100 has viewed the same advertisement on both social media and television. The agency has also noticed that 1 in 3 potential customers actually purchases a pizza after seeing the ad, while 1 in 10 purchases a pizza without seeing the ad at all.
a) What is the probability that a potential customer does not view the advertisement at all?
b) What is the probability that a potential customer will purchase a pizza from Papa John’s?
c)Given that pizza is sold at Papa John’s, What is the probability that the customer saw the advertisement on television or social media but not both?
Solutions
orchestra answered 1 year agoRelated Solutions
A manufacturer of pens has hired an advertising agency to develop an advertising campaign for the...
A manufacturer of pens has hired an advertising agency
to develop an advertising campaign for the upcoming holiday season.
To prepare for this project, the research director decides to
initiate a study of the effect of advertising on product
perception. Advertisement A greatly undersells the pen’s
characteristics. Advertisement B slightly undersells the pen’s
characteristics. Advertisement C slightly oversells the pen’s
characteristics. Advertisement D greatly oversells the pen’s
characteristics. A sample of 24 adult respondents, taken from a
larger focus group,...
A manufacturer of pens has hired an advertising agency to develop an advertising campaign for the...
A manufacturer of pens has hired an advertising agency to
develop an advertising campaign for the upcoming holiday season. To
prepare for this project, the research director decides to initiate
a study of the effect of advertising on product perception.
Advertisement A greatly undersells the pen’s characteristics.
Advertisement B slightly undersells the pen’s characteristics.
Advertisement C slightly oversells the pen’s characteristics.
Advertisement D greatly oversells the pen’s characteristics. A
sample of 24 adult respondents, taken from a larger focus group,...
A manufacturer of pens has hired an advertising agency to develop an advertising campaign for the...
A manufacturer of pens has hired an advertising agency to
develop an advertising campaign for the upcoming holiday season. To
prepare for this project, the research director decides to initiate
a study of the effect of advertising on product perception. An
experiment is designed to compare five different advertisements.
Advertisement A greatly undersells the pen’s characteristics.
Advertisement B slightly undersells the pen’s characteristics.
Advertisement C slightly oversells the pen’s characteristics.
Advertisement D greatly oversells the pen’s characteristics.
Advertisement E attempts...
The Gravy Company has decided to launch a new advertisement campaign in grocery stores to promote...
The Gravy Company has decided to launch a new advertisement
campaign in grocery stores to promote their products. The idea is
to put small signs in the meat section (next to the Turkey, Ham,
etc.) which read, "Get on board to the gravy train! The company
wonders whether the different groups of consumers who eat different
meats also have different gravy preferences. The table below is
from a random sample of college students. The row denotes whether
the student's family...
1. Assume the price of Super Bowl Tickets increases by 20% and the quantity demanded changes...
1. Assume the price of Super Bowl Tickets increases by 20% and the
quantity demanded changes by 2%.
a. What is the price elasticity of demand for Super Bowl
Tickets?
b. Is it elastic, inelastic, or unit elastic?
2. When the price of Lays Potato chips decreases by 5%, the
quantity demanded for them changes by 15%.
a. What is the price elasticity of demand for Lays Potato
Chips?
b. Is it elastic, inelastic, or unit elastic?
3. Assume demand...
1. The Super Bowl Indicator Theory suggests that the stock market will have a positive year...
1. The Super Bowl Indicator Theory suggests that the stock
market will have a positive year if the team in the National
Football Conference, or a team with an NFC origin, wins. If the
American Football Conference team wins, the market will fall.
According to the recent news (MarketWatch, 2/6/2017), it has
accurately predicted the direction of the market for the year
following 40 of the 50 Super Bowls since the first super bowl in
1967. Why do we have...
Since its inception in 1967, the Super Bowl has been one of the most watched events...
Since its inception in 1967, the Super Bowl has been one of the
most watched events on u.S. television every year. The number of
u.S. households that tuned in for each Super Bowl, reported by
nielsen.com, is provided in the data set SuperBowlratings.
a. Construct a time series plot
for the data. What type of pattern exists in the data? discuss some
of the patterns that may have resulted in the pattern exhibited in
the time series plot of the...
Someone has approached you to rent your bar space for a private Super Bowl party. They...
Someone has approached you to rent your bar space for a private
Super Bowl party. They will pay you $100/month each of the next 12
months following the Super Bowl. Does this bring you more profit
than opening your bar for the Super Bowl? Use NPV to evaluate.
Annual interest rate is 12%
An advertising agency, Round Ltd, incurred the following expenses during an advertising campaign for Nando’s: Primary...
An advertising agency, Round Ltd, incurred the following
expenses during an advertising campaign for Nando’s:
Primary research costs (outsourced to Mean Research) – $10
000
Secondary research costs – 5 hours (strategist)
Flyers:
Design – 4 hours (artist)
Printing/production (outsourced to Align Printers) – 8 000 @ R2
each
Distribution (outsourced to Fast Couriers) – 8 000 @ $0.50
each
In-store display:
Design – 7 hours (artist)
Printing/production (outsourced to Align Printers) – $7 000
Delivery and set-up (outsourced to...
Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following...
Super Tread Inc. is a large manufacturer of auto tires. Super
Tread has provided the following information:
Sales Revenue
$55,000
Beginning Finished Goods Inventory
20,000
Cost of Goods Sold
33,000
Cost of Goods Manufactured
40,000
Calculate the amount of ending Finished Goods Inventory reported
on Super Tread's balance sheet.
A.
$60,00
B.
$7,000
C.
$27,000
D.
$15,000
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- 1) Let X be a continuous random variable. What is true about fX(x)fX(x)? fX(2) is a...
- Engineers concerned about a tower's stability have done extensive studies of its increasing tilt. Measurements of...
- What is Adverse Selection in Insurance? Suggest two general ways of ameliorating Adverse Selection in Insurance.
- Trade barriers are used by developed and developing countries as a mechanism to protect their economies....
- “Banks only lend money to those who don’t need it.” Discuss how this old saying might...
- Among the benefits offered by corporations, at least in the United States, is health insurance. One...
- 1-A pension fund manager is considering three mutual funds. The first is a stock fund, the...
ADVERTISEMENT