3.66 Subscribers to a local newspaper were asked whether they regularly, occasionally, or never read the business

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3.66 Subscribers to a local newspaper were asked whether they regularly, occasionally, or never read the business section and also whether they had traded common stocks (or shares in a mutual fund) over the last year. The table shown here indicates the proportions of subscribers in six joint classifications.

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a. What is the probability that a randomly chosen subscriber never reads the business section?

b. What is the probability that a randomly chosen subscriber has traded stocks over the last year?

c. What is the probability that a subscriber who never reads the business section has traded stocks over the last year?

d. What is the probability that a subscriber who traded stocks over the last year never reads the business section?

e. What is the probability that a subscriber who does not regularly read the business section traded stocks over the last year?

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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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