The graph above shows one store's projected demand curve for garden gnomes. If the demand at point P1 is fully satisfied,
how much money will the store make through garden gnome sales?
a $600
b. $550
c. $150
d. $55

b

Step-by-step explanation:

Because 55 is the satisfactory point right, so then it makes sense if they sell about 10 or 100 of them. sry if its wrong.

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