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?

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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  1. What is the probability that a customer received a cash advance?
  2. What is the probability that a customer owed less than $200 and received a cash advance?
  3. What is the probability that a customer owed less than $200 or received a cash advance?
  4. Given that the customer-owned $1000 or more, what is the probability that the customer received a cash advance?
  5. Are the events "receiving a cash advance" and "owning $1000 or more" independent?  Explain why or why not.
Accounts owned by Customers and Cash Avance
Accounts owned by Customers
$0 - 199.99
$200 - 399.99
$400 - 599.99
$600-799.99
$800 to 999.99
$1000 or more
Total Customers
Cash Advance
Yes
245
380
500
415
260
290
2,090
No
2890
1,700
1,425
940
480
475
7,910
Transcribed Image Text:Accounts owned by Customers and Cash Avance Accounts owned by Customers $0 - 199.99 $200 - 399.99 $400 - 599.99 $600-799.99 $800 to 999.99 $1000 or more Total Customers Cash Advance Yes 245 380 500 415 260 290 2,090 No 2890 1,700 1,425 940 480 475 7,910
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