Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A survey of a group of consumers finds the following results some bought Ainto products 14's bought Computer products, 4875 bought Elevtrical products: 19 Ise

image text in transcribed
A survey of a group of consumers finds the following results some bought Ainto products 14's bought Computer products, 4875 bought Elevtrical products: 19 Ise Auto products, no Computer products, and no Electrical products,; 1 75 bought bots Autos and Computer products, 3045 bought both Auto and I lectrival products, 195% bought both Computer and illecirival products. Find the $4 of the group who bought all these products (Auto, Computer, and Electrical). () Show that, for any three events . 8, and ( PAUBUC) - P(A)+P()+P(O)-P(AnB)-PUCC-P(BNC) + PunBAC) Let 4 and 8 be two events such that P() = P(B) =3P(An B) and PLAG BY -0.75 Find (a) PLANB) (B) P(A) (6) P(B) (8) P(AnB ) () PLACBY (1) Ir P(A) = P(BUFY= & 15 und P(EPF) = -, find a) P(FE) B) P(F) y) P(E FS) A survey was taken among Ghanaian workers by an actuary to see which of two popula insurance products people preferred. It was found that 45% preferred motor insurance policy. 40% preferred homeowner's insurance policy, and 35% preferred neither of the products. Suppose that a person in the survey is randomly selected. find the probability the person preferred motor insurance product given that: He preferred homeowner's insurance policy He did not select homeowner's insurance policy ON TWO a survey of 150 Ghanaians, their opinions were sought about the government's d loating a bond issue to boast the economy. The results are summarized in t

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_2

Step: 3

blur-text-image_3

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

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions