Essay
Through a telephone survey,a low-interest bank credit card is offered to 400 households.The responses are as tabled.
a.Develop a joint probability table and show the marginal probabilities.
b.What is the probability of a household whose income exceeds $60,000 and who rejects the offer?
c.If income is $60,000, what is the probability the offer will be accepted?
d.If the offer is accepted, what is the probability that income exceeds $60,000?
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The following probability model describes the
Q7: Thirty-five percent of the students who enroll
Q10: A graphical device used for enumerating sample
Q11: If P(A <span class="ql-formula" data-value="U"><span
Q21: If A and B are mutually exclusive
Q25: P(A|B)= P(A<sup>C</sup>|B)for all events A and B.
Q31: Discuss the problems inherent in using words
Q33: A posterior probability is a conditional probability.
Q35: When the conclusions based upon the aggregated
Q53: Two events that are independent cannot be