What is the probability that the selected consumer is \( 35-55 \) years old or likes Crunchicles? 0258 If the selected consumer is 70 years old, what is the probability that he/she likes Crunchicles? 0.267
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The probability that a selected consumer is between \( 35-55 \) years old or likes Crunchicles is calculated using the principle of addition in probability. This means we add the individual probabilities of each event and subtract the probability of both events occurring to avoid double counting. For instance, if 25% of consumers fall into the \( 35-55 \) age range and 10% like Crunchicles, you factor in any overlap to determine the combined probability. In the case of a 70-year-old consumer, to find the probability that they enjoy Crunchicles at \( 0.267 \), you can consider factors like generational tastes or dietary preferences that might influence this statistic. It’s a reminder that age or demographic seems significant, but personal preference often crosses borders.