15. During a recent period of high unemployment, hundreds of thousands of drivers dropp- their automobile insurance. Sample data representative of the national automobile insu ance coverage for individuals 18 years of age and older are shown here. Age b. C. 18 to 34 35 and over Automobile Insurance Yes 1500 1900 No 340 260 a. Develop a joint probability table for these data and use the table to answer the remaining questions. What do the marginal probabilities tell you about the age of the U.S. population? What is the probability that a randomly selected individual does not have automobile insurance coverage?

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15. During a recent period of high unemployment, hundreds of thousands of drivers dropped
their automobile insurance. Sample data representative of the national automobile insur-
ance coverage for individuals 18 years of age and older are shown here.
b.
C.
Age
18 to 34
35 and over
60
Automobile Insurance
Yes
1500
1900
a. Develop a joint probability table for these data and use the table to answer the remaining
questions.
No
340
260
What do the marginal probabilities tell you about the age of the U.S. population?
What is the probability that a randomly selected individual does not have automobile
insurance coverage?
d. If the individual is between the ages of 18 and 34, what is the probability that the
individual does not have automobile insurance coverage?
e.
If the individual is age 35 or over, what is the probability that the individual does not
have automobile insurance coverage?
f.
If the individual does not have automobile insurance, what is the probability that the
individual is in the 18-34 age group?
What does the probability information tell you about automobile insurance coverage
in the United States?
Transcribed Image Text:15. During a recent period of high unemployment, hundreds of thousands of drivers dropped their automobile insurance. Sample data representative of the national automobile insur- ance coverage for individuals 18 years of age and older are shown here. b. C. Age 18 to 34 35 and over 60 Automobile Insurance Yes 1500 1900 a. Develop a joint probability table for these data and use the table to answer the remaining questions. No 340 260 What do the marginal probabilities tell you about the age of the U.S. population? What is the probability that a randomly selected individual does not have automobile insurance coverage? d. If the individual is between the ages of 18 and 34, what is the probability that the individual does not have automobile insurance coverage? e. If the individual is age 35 or over, what is the probability that the individual does not have automobile insurance coverage? f. If the individual does not have automobile insurance, what is the probability that the individual is in the 18-34 age group? What does the probability information tell you about automobile insurance coverage in the United States?
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