Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A national survey indicated that 40% of adults conduct their banking online. It also found that 60% are under the age of 50, and that

A national survey indicated that 40% of adults conduct their banking online. It also found that 60% are under the age of 50, and that 30% are under the age of 50 and conduct their banking online.

a) What percentage of adults do not conduct their bankingonline?

b) What type of probability is the 30% mentionedabove?

c) Construct a contingency table showing all joint and marginal probabilities.

d) What is the probability that an individual conducts banking online given that the individual is under the age of50?

e) Are Banking online and Ageindependent? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra

Authors: Stephen H Friedberg, Arnold J Insel, Lawrence E Spence

4th Edition

0321998898, 9780321998897

More Books

Students also viewed these Mathematics questions

Question

What biological risk factors may influence sexual dysfunctions?

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago