Through a telephone survey, a low-interest bank credit card is offered to 500 households. The responses are as follows: Income $50,000 Income > $50,000 Accept offer 90 80 Reject offer 210 120 a. What is the probability that a household earns more than $50,,000 b. What is the probability of a household whose income exceeds $50,000 and who rejects the offer? C. d. If income is $50,000, what is the probability the offer will be accepted? If the offer is accepted, what is the probability that income exceeds $50,000?

Through a telephone survey, a low-interest bank credit card is offered to 500 households. The responses are as follows: Income $50,000 Income > $50,000 Accept offer 90 80 Reject offer 210 120 a. What is the probability that a household earns more than $50,,000 b. What is the probability of a household whose income exceeds $50,000 and who rejects the offer? C. d. If income is $50,000, what is the probability the offer will be accepted? If the offer is accepted, what is the probability that income exceeds $50,000?

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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Question

33
Through a telephone survey, a low-interest bank credit card is offered to 500 households. The responses are as
follows:
of
Income $50,000
Income $50,000
estion
Accept offer
Reject offer
90
80
210
120
a.
What is the probability that a household earns more than $50,,000
b.
What is the probability of a household whose income exceeds $50,000 and who rejects the offer?
C.
d.
If income is < $50,000, what is the probability the offer will be accepted?
If the offer is accepted, what is the probability that income exceeds $50,000?

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