To calculate the probability that a randomly selected individual from the 45-54 age group is less likely to buy a product emphasized as "Made in our country," divide the number of individuals in that category who are less likely to buy by the total number of individuals in that category:
Probability = Number of individuals less likely to buy / Total number of individuals in the category
In this case, the number of individuals in the 45-54 age group who are less likely to buy is 20. The total number of individuals in the 45-54 age group is 567.
Probability = 20 / 567
To simplify the fraction, divide both the numerator and denominator by their greatest common divisor, which is 1 in this case:
Probability = 20 / 567 ≈ 0.0353
The probability that a randomly selected individual from the 45-54 age group is less likely to buy a product emphasized as "Made in our country" is approximately 0.0353 (or 3.53%).
Purchase_likelihood 18-34 35-44 45-54 55+ Total
More likely 234 360 395 408 1397
Less likely 25 7 20 18 70
Neither more nor less likely 297 205 152 108 762
Total 556 572 567 534 2229
What is the probability that a randomly selected individual is less likely
to buy a product emphasized as "Made in our country," given the individual is 45 to 54
years of age?
1 answer
1 answer