Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A survey revealed that 21.5% of he households had no checking account 66.9% had regular check ng accounts, and 11.6% had Now accounts. Of those

A survey revealed that 21.5% of he households had no checking account 66.9% had regular check ng accounts, and 11.6% had Now accounts. Of those households with no checking account 40% had savings accounts. Of he households with regular checking accounts 71.6% had a savings account of the house with Now accounts 79.3% had savings accounts. The probability that a randomly selected household has no checking account and no savings account is:

a. 0.1290

b. 0.0860

C. 0.1309

d. 0.3430.

e. 0.5330

Step by Step Solution

3.38 Rating (160 Votes )

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

Statistics For Business And Economics

Authors: Paul Newbold, William Carlson, Betty Thorne

8th Edition

0132745658, 978-0132745659

More Books

Students also viewed these Accounting questions