o better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1010 married adults age 25 and older with household incomes of 850,000 or more (Money Magazine website, December 14, 2014). Consider the follow- ing example set of responses to the guestion, “Who is better at getting deals?” Who Is Better? Respondent TAm — MySpouse — We Are Egual Husband 218 1» 102 Wife 290 11 102 a. Developa joint probability table and use it to answer the following guestions. b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Egual). Comment.
35,
To better understand how husbands and wives feel about their finances, Money Magazine
conducted a national poll of 1010 married adults age 25 and older with household incomes
of 850,000 or more (Money Magazine website, December 14, 2014). Consider the follow-
ing example set of responses to the guestion, “Who is better at getting deals?”
Who Is Better?
Respondent TAm — MySpouse — We Are Egual
Husband 218 1» 102
Wife 290 11 102
a. Developa joint probability table and use it to answer the following guestions.
b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are
Egual). Comment.
c. Given that the respondent is a husband, what is the probability that he feels heis better
at getting deals than his wife?
d. Given that the respondent is a wife, what is the probability that she feels she is better
at getting deals than her husband?
€. Given a response “My spouse” is better at getting deals, what is the probability that
the response came from a husband?
£. Given response “We are egual,” what is the probability that the response came from
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