Solved: The projected probability of increase in online holiday, Basic Statistics

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The projected probability of increase in online holiday

Question: The projected probability of increase in online holiday sales from 2004 to 2005 is 95% in the United States, 90% in Australia, and 85% in Japan. Assume these probabilities are independent. What is the probability that holiday sales will increase in all three countries from 2004 to 2005?

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Basic Statistics: The projected probability of increase in online holiday

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