The probability that a U.S. household does not own a pet when there was a 68 % probability that a U.S. household owns a pet.
The probability that a U.S. household does not own a pet when there was a 68 % probability that a U.S. household owns a pet.
Solution Summary: The author calculates the probability that a U.S. household doesn't own pet, based on the American Pet Products Manufacturers Association's 2017-2018 National Pet Owners Survey.
To calculate: The probability that a U.S. household does not own a pet when there was a 68% probability that a U.S. household owns a pet.
Expert Solution & Answer
Answer to Problem 52AYU
Solution:
The probability that a U.S. household does not own a pet is 0.32.
Explanation of Solution
Given information:
According to the American Pet Products Manufacturers Association’s 2017−2018 National Pet Owners Survey, there was a 68% probability that a U.S. household owns a pet.
Formula used:
If E represents any event and E¯ represents the complement of event E, then the probability of complement event is,
P(E¯)=1−P(E)
Calculation:
Let, event E denote a U.S. household owns a pet.
And, event E¯ denotes a U.S. household does not own a pet.
Since, 68% probability that a U.S. household owns a pet so, convert this 68% in proportion.
That is, P(E)=68100=0.68
Using theformula for probability of complement of an event, P(E¯)=1−P(E).
Hence, P(E¯)=1−0.68
⇒P(E¯)=0.32
Therefore, the probability that a U.S. household does not own a pet is 0.32.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.