The accompanying table shows, for credit-card holders with one to three cards, the joint probabilities for number
Question:
The accompanying table shows, for credit-card holders with one to three cards, the joint probabilities for number of cards owned (X) and number of credit purchases made in a week (Y).
Number of Cards (X)
Number of Purchases in a Week (Y)
0 1 2 3 4 1 0.06 0.13 0.09 0.07 0.03 2 0.02 0.07 0.09 0.09 0.07 3 0.01 0.02 0.05 0.08 0.12
a. For a randomly chosen person from this group, what is the probability distribution for number of purchases made in a week?
b. For a person in this group who has three cards, what is the probability distribution for number of purchases made in a week?
c. Are number of cards owned and number of purchases made statistically independent?
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne