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5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for vour final answer

5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for vour final answer

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for your final answer.
Transcribed Image Text:5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for your final answer.
b. What is the probability that a randomly selected household owns their house? Consider only 3 decimals for your final answer. c. Are the events that a household has at least one maxed-out credit card and they own their house independent? Justify your answer. Note: in parts a. and b. probability is the same as proportion.
Transcribed Image Text:b. What is the probability that a randomly selected household owns their house? Consider only 3 decimals for your final answer. c. Are the events that a household has at least one maxed-out credit card and they own their house independent? Justify your answer. Note: in parts a. and b. probability is the same as proportion.
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