According to Statistics Canada figures, 28.3% of all Canadians are in the 024 age bracket, 13.8% are
Question:
According to Statistics Canada figures, 28.3% of all Canadians are in the 0–24 age bracket, 13.8% are in the 25–34 age bracket, 13.2% are in the 35–44 age bracket, and 44.6% are in the 45 and older age bracket. Suppose a market research study shows that Canadians use their leisure time in different ways according to age. For example, of those who are in the 45 and older age bracket, 39% read a book or a magazine for more than 10 hours per week. Of those who are in the 0–24 age bracket, only 11% read a book or a magazine more than 10 hours per week. The percentage figures for reading a book or a magazine for more than 10 hours per week are 24% for the 25–34 age bracket and 27% for the 35–44 age bracket. Suppose a Canadian is randomly selected and it is determined that he or she reads a book or a magazine for more than 10 hours per week. Revise the probabilities that he or she is in any given age category. Using these figures, what is the overall percentage of the Canadian population that reads a book or a magazine for more than 10 hours per week?
Step by Step Answer:
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo