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A credit card company is studying how frequently young consumers (ages 18-24) use credit and debit cards compared to their older counterparts (ages 25 and
A credit card company is studying how frequently young consumers (ages 18-24) use credit and debit cards compared to their older counterparts (ages 25 and up). Some findings from their study are below:
- It has been determined that18% of the card-holding population is 18 to 24 years old.
- The probability that a consumer used a debit card when making a purchase is0.25.
- Given that the consumer uses a debit card, there is a0.15probability that the consumer is 18 to 24 years old.
(You may assume that debit and credit cards are only issued to consumers 18 years or older and that each customer has only one type of card.)(a)Fill in the missing blanks in the table.
Age 18-24 | Age 25+ | Total | |
---|---|---|---|
Debit | |||
Credit | |||
Total |
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