Fin the blank Suppose Bank of America (B of A) would ke to investigate f credit score and income level of an individual are independent of one another B of A selected a random sample of 400 aduts and asked them to report their credit score range and their income range. The accompanying contingency table presents these resuts The eipected number of individuals with income less than S50.000 and a credt score betreen 650 and 750 is Clck the icon to view the contingency table OA 240 OB 325 OC. 260 OD. 520 Data Table Credit Score Income Less than 650 650-750 30 53 30 More than 750 24 Less than $50.000 $50.000 to less than $100.000 63 40 21 44 $100.000 to less than $150,000 More than $150.000 30 22 17 Print Done
Compound Probability
Compound probability can be defined as the probability of the two events which are independent. It can be defined as the multiplication of the probability of two events that are not dependent.
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Probability theory is a branch of mathematics that deals with the subject of probability. Although there are many different concepts of probability, probability theory expresses the definition mathematically through a series of axioms. Usually, these axioms express probability in terms of a probability space, which assigns a measure with values ranging from 0 to 1 to a set of outcomes known as the sample space. An event is a subset of these outcomes that is described.
Conditional Probability
By definition, the term probability is expressed as a part of mathematics where the chance of an event that may either occur or not is evaluated and expressed in numerical terms. The range of the value within which probability can be expressed is between 0 and 1. The higher the chance of an event occurring, the closer is its value to be 1. If the probability of an event is 1, it means that the event will happen under all considered circumstances. Similarly, if the probability is exactly 0, then no matter the situation, the event will never occur.
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