An ad agency is developing a campaign to promote a business opening in new mall development. To develop an appropriate mailing list, they decide to purchase lists of credit card holders from MasterCard and American Express. Combining the lists, they find the following: 40 percent of the people on the list have only a MasterCard and 10 percent have only an American Express card. Another 20 percent hold both MasterCard and American Express. Finally, 30 percent of those on the list have neither card. The contingency table is as the following: MasterCard No MasterCard .10 American Express 20 No American Express.40 What is the probability that a person on the list does not have a Mastercard? Select one: O a. .90 O b. 40 O c. 18 O d. 33 O e. .70
An ad agency is developing a campaign to promote a business opening in new mall development. To develop an appropriate mailing list, they decide to purchase lists of credit card holders from MasterCard and American Express. Combining the lists, they find the following: 40 percent of the people on the list have only a MasterCard and 10 percent have only an American Express card. Another 20 percent hold both MasterCard and American Express. Finally, 30 percent of those on the list have neither card. The contingency table is as the following: MasterCard No MasterCard .10 American Express 20 No American Express.40 What is the probability that a person on the list does not have a Mastercard? Select one: O a. .90 O b. 40 O c. 18 O d. 33 O e. .70
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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