Table 3.10 Probabilities for Television Viewing and Income VIEWING FREQUENCY HICH INCOMЕ MIDDLE INCOME Low INCOME ТОTALS Regular 0.10 0.15 0.05 0.30 Occasional 0.10 0.20 0.10 0.40 Never 0.05 0.05 0.20 0.30 Totals 0.25 0.40 0.35 1.00

Table 3.10 Probabilities for Television Viewing and Income VIEWING FREQUENCY HICH INCOMЕ MIDDLE INCOME Low INCOME ТОTALS Regular 0.10 0.15 0.05 0.30 Occasional 0.10 0.20 0.10 0.40 Never 0.05 0.05 0.20 0.30 Totals 0.25 0.40 0.35 1.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Refer to Table 3.10.

What is the joint probability of “low income” and “regular”?

Table 3.10 Probabilities for Television Viewing and Income
VIEWING FREQUENCY
HICH INCOMЕ
MIDDLE INCOME
Low INCOME
ТОTALS
Regular
0.10
0.15
0.05
0.30
Occasional
0.10
0.20
0.10
0.40
Never
0.05
0.05
0.20
0.30
Totals
0.25
0.40
0.35
1.00

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