APPLIED STAT.IN BUS.+ECONOMICS
APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Author: DOANE
Publisher: RENT MCG
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Chapter 5.3, Problem 21SE

a.

To determine

Find the probability P(S).

a.

Expert Solution
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Answer to Problem 21SE

The probability P(S) is 0.754.

Explanation of Solution

Calculation:

The given information is that the event S represent the randomly chosen female aged 18-24 is a smoker and the event C represents that the randomly chosen female aged 18-24 is Caucasian. Also, P(S)=0.246, P(C)=0.830 and P(SC)=0.232.

The formula for finding probability P(S) is,

P(S)=1P(S)

Substitute P(S)=0.246

P(S)=10.246=0.754

Thus, the probability P(S) is 0.754.

Hence, it can be concluded that there is a 75.4% (=0.754×100%) chance that the female aged 18-24 is a non-smoker.

b.

To determine

Find the probability P(SC).

b.

Expert Solution
Check Mark

Answer to Problem 21SE

The probability P(SC) is 0.844.

Explanation of Solution

Calculation:

The formula for finding probability P(SC) is,

P(SC)=P(S)+P(C)P(SC)

Substitute P(S)=0.246, P(C)=0.830 and P(SC)=0.232

P(SC)=0.246+0.8300.232=0.844

Thus, the probability P(SC) is 0.844.

Hence, it can be concluded that there is an 84.4% (=0.844×100%) chance that the female aged 18-24 is a smoker or Caucasian.

c.

To determine

Find the probability P(S|C).

c.

Expert Solution
Check Mark

Answer to Problem 21SE

The probability P(S|C) is 0.2795.

Explanation of Solution

Calculation:

The formula for finding probability P(S|C) is,

P(S|C)=P(SC)P(C)

Substitute P(C)=0.830 and P(SC)=0.232

P(S|C)=0.2320.830=0.2795

Thus, the probability P(S|C) is 0.2795.

Hence, it can be concluded that there is an 27.95% (=0.2795×100%) chance that the female aged 18-24 is smoker given that female aged 18-24 is a Caucasian.

d.

To determine

Find the probability P(S|C).

d.

Expert Solution
Check Mark

Answer to Problem 21SE

The probability P(S|C) is 0.0824.

Explanation of Solution

Calculation:

The formula for finding probability P(S|C) is,

P(S|C)=P(SC)P(C)=P(S)P(SC)1P(C)          P(SC)+P(SC)=P(S)

Substitute P(S)=0.246, P(C)=0.830 and P(SC)=0.232

P(S|C)=0.2460.23210.830=0.0140.17=0.0824

Thus, the probability P(S|C) is 0.0824.

Hence, it can be concluded that there is an 8.24% (=0.0824×100%) chance that the female aged 18-24 is smoker given that female aged 18-24 is a not Caucasian.

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Chapter 5 Solutions

APPLIED STAT.IN BUS.+ECONOMICS

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