Question
Concern about Money? Female Male Total Yes 40 21 61 No 112 127 239 Total 152 148 300 Data above are small business owners (SBO),
Concern about Money? | Female | Male | Total |
Yes | 40 | 21 | 61 |
No | 112 | 127 | 239 |
Total | 152 | 148 | 300 |
Data above are small business owners (SBO), both male and female, who indicated whether they are concerned about money or not.
If an SBO is selected at random, what is the probability that the SBO is:
A - is concerned about money?
B - is a female SBO and concerned about money
C - is a female SBO or concerned about money
D - What is the difference results in the results of B and C. Select the right statement.
1 - The 2 events in part C are mutually exclusive, but part B has one event
2 - The probability in part B is a joint probability while the probability in part C is a simpleprobability
3 - The 2 events in part C are collectively exclusive while the event in part B is not
4 - The probability in part B is a marginal probability, while the probability in part C is the sum of 2 marginal probabilities
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