A telephone survey conducted by the Maritz Marketing Research company found that 43% of Americans expect to save more money next year than they saved last year. Forty- five percent of those surveyed plan to reduce debt next year. Of those who expect to save more money next year, 81% plan to reduce debt next year. An American is selected randomly. a. What is the probability that this person expects to save more money next year and plans to reduce debt next year? b. What is the probability that this person expects to save more money next year or plans to reduce debt next year? c. What is the probability that this person expects to save more money next year and does not plan to reduce debt next year?

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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A telephone survey conducted by the Maritz Marketing Research company found that 43% of Americans expect to save more money next year than they saved last year. Forty-
five percent of those surveyed plan to reduce debt next year. Of those who expect to save more money next year, 81% plan to reduce debt next year. An American is selected
randomly.
a. What is the probability that this person expects to save more money next year and plans to reduce debt next year?
b. What is the probability that this person expects to save more money next year or plans to reduce debt next year?
c. What is the probability that this person expects to save more money next year and does not plan to reduce debt next year?
d. What is the probability that this person does not expect to save more money given that he/she does plan to reduce debt next year?
(Round your answers to 4 decimal places, e.g., 0.2156.)
a.
b.
d.
Po (response not displayed)
Po (response not displayed)
Po (response not displayed)
(response not displayed)
Transcribed Image Text:A telephone survey conducted by the Maritz Marketing Research company found that 43% of Americans expect to save more money next year than they saved last year. Forty- five percent of those surveyed plan to reduce debt next year. Of those who expect to save more money next year, 81% plan to reduce debt next year. An American is selected randomly. a. What is the probability that this person expects to save more money next year and plans to reduce debt next year? b. What is the probability that this person expects to save more money next year or plans to reduce debt next year? c. What is the probability that this person expects to save more money next year and does not plan to reduce debt next year? d. What is the probability that this person does not expect to save more money given that he/she does plan to reduce debt next year? (Round your answers to 4 decimal places, e.g., 0.2156.) a. b. d. Po (response not displayed) Po (response not displayed) Po (response not displayed) (response not displayed)
Use the values in the cross-tabulation table to solve the equations given.
A
B
C
DEF
5
11
9
8
+
a.P (AUD)
b. P (EUB)=
(Round your answers to 4 decimal places, e.g. 0.2156.)
c. P (DUE) =
11
d. P (CUF)=
4
5
(response not displayed)
B (response not displayed)
Eo (response not displayed)
Po (response not displayed)
Transcribed Image Text:Use the values in the cross-tabulation table to solve the equations given. A B C DEF 5 11 9 8 + a.P (AUD) b. P (EUB)= (Round your answers to 4 decimal places, e.g. 0.2156.) c. P (DUE) = 11 d. P (CUF)= 4 5 (response not displayed) B (response not displayed) Eo (response not displayed) Po (response not displayed)
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