Solved

Through a Telephone Survey, a Low-Interest Bank Credit Card Is

Question 27

Essay

Through a telephone survey, a low-interest bank credit card is offered to 400 households. The responses are as follows.
Through a telephone survey, a low-interest bank credit card is offered to 400 households. The responses are as follows.     a. Develop a joint probability table and show the marginal probabilities.. b. What is the probability of a household whose income exceeds $50,000 and who rejects the offer? c. If income is < $50,000, what is the probability the offer will be accepted? d. If the offer is accepted, what is the probability that income exceeds $50,000?
a. Develop a joint probability table and show the marginal probabilities..
b. What is the probability of a household whose income exceeds $50,000 and who rejects the offer?
c. If income is < $50,000, what is the probability the offer will be accepted?
d. If the offer is accepted, what is the probability that income exceeds $50,000?

Correct Answer:

verifed

Verified

a. blured image b..3
c...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions