P(Internet or cable) =75%
The correct option is B) 0.9658
A recent survey found that 74% of households had Internet access and 70% of households had...
A recent survey found that 70 % of households had Internet access and 84 % of households had cable television. Also, it was reported that 65 % of the households in the survey had both Internet and cable television. Determine the probability of selecting a household that had either Internet access or cable television.
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...