More and more households are struggling to pay utility bills given a shaky economy and high heating
Question:
a. What is the probability that a randomly selected household uses heating oil?
b. What is the probability that a randomly selected household is delinquent in paying its utility bill?
c. What is the probability that a randomly selected household uses heating oil and is delinquent in paying its utility bill?
d. Given that a household uses heating oil, what is the probability that it is delinquent in paying its utility bill?
e. Given that a household is delinquent in paying its utility bill, what is the probability that the household uses electricity?
f. Are the events Heating Oil and Delinquent in Payment independent? Explain usingprobabilities.
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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