A bi-monthly sports magazine has 48,000 subscribers when it charges $20 for a one year subscription. For every $1 increase in the yearly subscription price, the magazine assumes that it will lose 2,000 subscribers resulting in the equation below. Using the equation below, how much should the magazine sell for in order to maximize revenues? 10 points

85.560%

step-by-step explanation:

conditional probability is defined as:

p(a|b) = p(a∩b) / p(b)

in other words, the probability that a occurs, given that b has occurred = the probability that both a and b occur / the probability that b occurs.

in this example:

p(turns 64 | turns 44) = p(turns 64 & turns 44) / p(turns 44).

if someone turns 64, they must have already turned 44, so:

p(turns 64 | turns 44) = p(turns 64) / p(turns 44)

on page 42, we see that of the original 100,000, 94944 turn 44, and 81234 turn 64.   therefore:

p(turns 64 | turns 44) = 81234 / 94944

p(turns 64 | turns 44) = 0.85560

answer: c. is your answer

step-by-step explanation: get me a black leather coat