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

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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.

Traded Read Business Section Stocks Regularly Occasionally Never Yes 0.18 0.10 0.04 No 0.16 0.31 0.21

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: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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