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A new version of a popular consumer product, made entirely from recycled materials, has just been introduced. We are trying to understand what kind of
A new version of a popular consumer product, made entirely from recycled materials, has just been introduced. We are trying to understand what kind of households are likely to purchase the product. For a randomly chosen household, we define two random variables: S = 1 if the household invests in the stock market and 0 otherwise. R is a code for the household's response to the statement "I feel I have a duty to use recycled products": 1 = "Definitely Agree", 2 = "Tend to Agree", 3 = "Neither Agree nor Disagree", 4 = "Tend to Disagree", 5 = "Definitely Disagree". A marketing research firm has come up with the following joint distribution for R and S for U.S. households: R 1 2 3 5 0 0.144 0.200 0.222 0.052 0.027 S 1 0.080 0. 160 0.086 0.020 0.009 Given that a particular household that "Tends to Disagree" with the statement, what is the probability the household does not invest in the stock market? O a. 0.5556 O b. 0.4444 O c. 0.2778 O d. 0.4511 O e. 0.7222
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