STAT. TECH. IN BUSINESS + ECON LOOSELEAF
18th Edition
ISBN: 9781264261765
Author: Lind
Publisher: MCG
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Chapter 20, Problem 20CE
To determine
State the decision made by an individual if the
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STAT. TECH. IN BUSINESS + ECON LOOSELEAF
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- Determine if the statement is true or false. If the statement is false, then correct it and make it true. If the probability of a couple of five girls is 132, then the probability of having five boys is 3132.arrow_forwardDetermine if the statement is true or false. If the statement is false, then correct it and make it true. If the probability that you will graduate is 0.63, then the probability that you will not graduate is -0.63.arrow_forwardDetermine if the statement is true or false. If the statement is false, then correct it and make it true. The probability of a couple having four boys is 12 because the probability each time of having a boy is 12.arrow_forward
- Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 60. It is predicted that by 2030, one in five U.S. citizens will be elderly. How much greater will the chances of meeting an elderly person be at that time? What policy changes do you foresee if these statistics hold true?arrow_forwardOn a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form the price of an appliance. If the contestant is correct, he or she wins the appliance. What is the probability of winning when the contestant knows that the price is at least $400?arrow_forwardDetermine if the statement is true or false. If the statement is false, then correct it and make it true. The probability that an event occurs can be a negative number.arrow_forward
- Find the probability of each event. Getting 2 red eggs in a single scoop from a bucket containing 5 red eggs and 7 yellow eggsarrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 59. If you meet five U.S. citizens, what is the percent chance that four are elderly? (Round to the nearest thousandth of a percent.)arrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 57. If you meet five U.S. citizens, what is the percent chance that exactly one is elderly? (Round to the nearest tenth of a percent.)arrow_forward
- Approximately 1 percent of women ages 40-50 have breast cancer. A woman has a 84 percent chance of a positive test from a mammogram given she has breast cancer (a true positive result). A woman has a 7 percent chance of a positive test from a mammogram given she does not have breast cancer (a false positive result). Complete the table below, then answer the questions below the table. Give all answers as decimals to 4 decimal places. Positive test result Negative test result TotalHas breast cancer Does not have breast cancer Total What is the probability a woman has breast cancer given that she just had a positive test? Give answer as decimals to 4 decimal places.arrow_forwardApproximately 1 percent of women ages 40-50 have breast cancer. A woman has a 85 percent chance of a positive test from a mammogram given she has breast cancer (a true positive result). A woman has a 9 percent chance of a positive test from a mammogram given she does not have breast cancer (a false positive result). Complete the table below, then answer the questions below the table. Give all answers as decimals to 4 decimal places. Positive test result Negative test result Total Has breast cancer Does not have breast cancer Total What is the probability a woman has breast cancer given that she just had a positive test? Give answer as decimals to 4 decimal places.arrow_forwardYou buy a laptop and paid $850. The probability of it breaking in the warranty period is 4% and the warranty cost's $45. Is it worth purchasing the warrantyarrow_forward
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