Discuss the makeup and functions of a marketing information system (MIS)
What will be an ideal response?
A typical MIS includes three important components: data, computer hardware and software, and output for marketing decision makers. The different types of data that feed into an MIS are internal company data, marketing intelligence, marketing research, and acquired databases. This data is processed by the MIS software, and then MIS analysts use the output to generate reports for various decision makers.
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Three events occur with probabilities P(E1 ) = 0.35, P(E2 ) = 0.15, P(E3 ) = 0.40. If the event B occurs, the probability becomes P(E1|B) = 0.25, P(B) = 0.30. Calculate P(E1 and B)
A) 0.575 B) 0.075 C) 0.021 D) 0.475
A drug that may only be used with the permission of a physician is designated as a:
a. special drug b. regulated drug c. prescription drug d. formulated drug e. regulated drug