Question

A company that manufactures toothpaste is studying five different package designs.Assuming that one design is just as likely to be selected by a consumer as any other design, what selection probability would you assign to each of the package designs (to 2 decimals)

Answer 1

The selection probability to be assigned to each of the package designs is 0.20

Explanation:

Firstly, we need to assume that one design is just as likely to be selected by a consumer as any other design

so the probability of selecting any of the design is same and that is 1/5 = 0.20

Thus, what we are trying to say is that each of the package designs have an equal selection probability of 0.20