The probability that a new advertising campaign will increase sales is assessed as being 0.80. The probability that the cost of developing the new ad campaign can be kept within the original budget allocation is 0.40. Assuming that the two events are independent, what is the probability that the cost is kept within budget and the campaign will increase sales?
A) 0.40
B) 0.88
C) 0.32
D) 0.20

Question

Quizplus · Accepted Answer

The probability of both independent events occurring is the product of their probabilities: 0.80 * 0.40 = 0.32.

The Probability That a New Advertising Campaign Will Increase Sales