The Easy Credit Company report the following table representing a breakdown of customers accounting to the amount they owe and whether a cash advance has been made. An auditor randomly selects one of the accounts.Accounts owned by CustomersCash Advance YesNo$0 – 199.992452890$200 – 399.993801,700$400 – 599.995001,425$600 – 799.99415940$800 to 999.99260480$1000 or more290475Total Customers2,0907,910 Show your work! What is the probability that a customer received a cash advance?What is the probability that a customer owed less than $200 and received a cash advance?What is the probability that a customer owed less than $200 or received a cash advance?Given that the customer-owned $1000 or more, what is the probability that the customer received a cash advance?Are the events "receiving a cash advance" and "owning $1000 or more" independent? Explain why or why not.

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Answered: The Easy Credit Company report the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Easy Credit Company report the following table representing a breakdown of customers accounting to the amount they owe and whether a cash advance has been made. An auditor randomly selects one of the accounts.

Accounts owned by Customers	Cash Advance
	Yes	No
$0 – 199.99	245	2890
$200 – 399.99	380	1,700
$400 – 599.99	500	1,425
$600 – 799.99	415	940
$800 to 999.99	260	480
$1000 or more	290	475
Total Customers	2,090	7,910

Show your work!

What is the probability that a customer received a cash advance?
What is the probability that a customer owed less than $200 and received a cash advance?
What is the probability that a customer owed less than $200 or received a cash advance?
Given that the customer-owned $1000 or more, what is the probability that the customer received a cash advance?
Are the events "receiving a cash advance" and "owning $1000 or more" independent? Explain why or why not.

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