Social Security According to a certain news poll, 76% agreed that it should be the government's responsibility to provide a decent standard of living for the elderly, and 40% agreed that it would bea good idea to invest part of their Social Security taxes on their own. If agreement with one of these propositions is independent of agreement with the other, what is the probability that a personagreed with both propositions? (Round your answer to two decimal places.)

When two events A and B are independent then P(A and B ) = P(A)×P(B)

Answered: a good idea to invest part of their…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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You are a realtor trying to reach your end of year bonus. To do so, you need to sell 2 homes inthe next three days. In a typical 30-day month, you sell 15 homes. What is the probability thatyou will get your end of year bonus?
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If ?(? ∪ ?) = 0.64 and Event A and B are mutually exclusive, which of the following could be possible probabilities for A and B? a. ?(?)=0.64 , ?(?)=0.64 b. ?(?)=0.8 , ?(?)=0.8 c. ?(?)=0.42 , ?(?)=0.22 d. ?(?)=0.8 , ?(?)=0.16
Cumal. DU TIUI Tounu.) (nun 2. Which of the following values cannot be probabilities? 3/5, -0.52, 1.2, 5/3, 0, 2,0.06, 1 Select all the values that cannot be probabilities. A. 3 O B. 1.2 OC. 0 O D. 1 DE. 2 F. 5 O G. 0.06 H. -0.52 3. It is impossible to get 7 kings when selecting cards from a shuffled deck. Express the indicated probability value between 0 and 1 inclusive. 10 Of 0,067
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If the P(A)=0.62,P(B)=0.25 and A and B are mutually exclusive, then the probability of neither A nor B occurring is o a. Cannot be determined o b. 0.715 O c. 87 o d. None of the suggested answers are correct O e.0.13
You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest cent
Which of the following values cannot be probabilities? 00, negative 0.45−0.45, 0.050.05, 5 divided by 35/3, 3 divided by 53/5, 11, StartRoot 2 EndRoot2, 1.46
Betty is offered a bet where she can win $100 dollars with a 1/4 chance and she would lose X with a 3/4 chance. She feels indifferent between taking the bet or not, and considers herself risk neutral, so X must be about. $25 O $33 O $80 O $66
Given the probability that "she's up all night 'til the sun" OR "she's up all night for good fun" is 0.19, the probability that "she's up all night for good fun" is 0.44, and the probability that "she's up all night 'til the sun" is 0.48, what's the probability that "she's up all night 'til the sun" AND "she's up all night for good fun"?
Given the probability that "she's up all night 'til the sun" OR "she's up all night for good fun" is 0.38, the probability that "she's up all night for good fun" is 0.44, and the probability that "she's up all night 'til the sun" is 0.33, what's the probability that "she's up all night 'til the sun" AND "she's up all night for good fun"? Round to 2 decimal places as needed.

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a good idea to invest part of their Social Security taxes on their own. If agreement with one of these propositions is independent of agreement with the other, what is the probability that a person agreed with both propositions? (Round your answer to two decimal places.)