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Is a product 鈥済reen鈥?A 鈥済reen鈥 product (e.g., a productbuilt from recycled materials) is one that has minimal impact on the environment and human health. How do consumers determine if a product is 鈥済reen鈥? The 2011

ImagePower Green Brands Survey asked this question of more than 9,000 international consumers. The results are shown in the following table.

Reason for saying a product is green

Percentage of consumers

Certification mark on label

45

Packaging

15

Reading information about the product

12

Advertisement

6

Brand we site

4

Other

18

Total

100

a.What method is an international consumer most likely to use to identify a green product?

b.Find the probability that an international consumer identifies a green product by a certification mark on the product label or by the product packaging.

c.Find the probability that an international consumer identifies a green product by reading about the product or from information at the brand鈥檚 Web site.

d.Find the probability that an international consumer does not use advertisements to identify a green product.

Short Answer

Expert verified
  1. Certification mark on label method is an international consumer most likely to use to identify a green product.
  2. The probability is 0.60.
  3. The probability is 0.16.
  4. The probability is 0.94

Step by step solution

01

Important formula

The formula for probability isP=favourableoutcomestotaloutcomes

02

Find method is an international consumer most likely to use to identify a green product.

Certification mark on label method is an international consumer most likely to use to identify a green product.

03

Certification mark on label method is an international consumer most likely to use to identify a green product. 

P(certificationonlabelorpakaging)=45+15100=60100=0.60

Thus, the probability is 0.60.

04

The probability that an international consumer identifies a green product by reading about the product or from information at the brand’s Web site.

P(readingbyproductorbrand)=12+4100=16100=0.16

Hence, the probability is 0.16.

05

The probability that an international consumer does not use advertisements to identify a green product

P(doesnotuseadvertisment)=45+15+12+4+18100=94100=0.94

Therefore, the probability is 0.94

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