Based on the following, estimate the probability that a randomly selected 21- to 49-year-old consumer:

Based on the following, estimate the probability that a randomly selected 21- to 49-year-old consumer:

Would give the phrase a rating of 5

Would give the phrase a rating of 3 or higher

Is in the 21 to 24 age group

Is a male who gives the phrase a rating of 4

Is a 35- to 49-year-old who gives the phrase a rating of 1

Based on the probabilities for the ratings of 4 and 5, which age/gender demographic would be the best target audience for the new concept? 

Create a probability distribution using the data which shows how many cartons of the wine cooler were bought per customer in a month, and do the following: 

Calculate the mean and the standard deviation of your probability distribution.  

Calculate the probability that exactly 3 six packs will be bought in a month.

Calculate the probability that between 4 and 8 six packs will be bought in a month.

Calculate the probability that at least 5 six packs will be bought in a month.

Calculate the probability that no more than 5 six packs will be bought in a month.

Create a relative frequency distribution based on the wine cooler drinking temperatures, and do the following:

Create 6 bins with the same interval in each.  

CreatE a histogram.

Considering the mean and standard deviation for the ideal drinking temperature, calculate the following: 

The z values, then refer to Table 6.1 - Cumulative Areas Under the Standard Normal Curve 

The probability of the wine cooler being less than 45 degrees

The probability of the wine cooler being greater than 60 degrees

The percentage of wine coolers served at the ideal temperature, between 49 and 55 degrees

Part 2: to be completed in Connect®