Essay
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?
Correct Answer:

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a.
b..3
c...View Answer
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Correct Answer:
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c...
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