Question
A popular bank has plans to establish a new branch in the neighbouring town. The bank management commissioned research into the saving habits of the
A popular bank has plans to establish a new branch in the neighbouring town. The bank management commissioned research into the saving habits of the town residents and the findings were as follows:
Monthly Savings | Gender | Total
(Percentages) | Male | Female |
_____________________________________________________________________________
Less Than 15% | 95 | 95 | 190
_____________________________________________________________________________
15-25% | 72 | 18 | 90
_____________________________________________________________________________
More than 25% | 18 | 2 | 20
_____________________________________________________________________________
TOTAL | 185 | 115 | 300
What is the probability that an individual chosen at random from the group saves more than 25% of their monthly salary?
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Linear Algebra and Its Applications
Authors: Gilbert Strang
4th edition
30105678, 30105676, 978-0030105678
