Question
I WILL GIVE 5 REWARD POINTS TO THOSE WHO ANSWERED THIS SIMPLE TASK 1.AlacrityBrokerage, Inc. conducted a survey of a sample of 500 customers to
I WILL GIVE 5 REWARD POINTS TO THOSE WHO ANSWERED THIS SIMPLE TASK
1.AlacrityBrokerage, Inc. conducted a survey of a sample of 500 customers to determine if the service it provides to affluent clients is the same as the service it provides to lower-income clients. The brokerage classified its clients into three socioeconomic classes: AB, Upper and Middle C, and lower C and below. The sample respondents were asked to rate the service as Outstanding, Average, or Poor. The survey results (partial):
107 respondents belonged to the AB class.
217 respondents belonged to the Upper and Middle C class.
153 respondents said the service was Outstanding.
41 AB respondents said the service was Outstanding.
64 Upper and Middle C respondents said the service was Outstanding.
16 AB respondents said the service was Poor.
33 Upper and Middle C respondents said the service was Poor.
If the respondent belonged to the Upper or Middle C class, the probability of reporting Average service was 0.10416. If the respondent belonged to the Lower C class, the probability of reporting Average service was 0.068992.
1.a)Construct the raw values matrix for the survey results.
2.b)Construct the probability matrix for the survey results.
3.c)What is the probability that an AB class respondent reported Outstandingservice?
4.d)What is the probability that a lower C or below class respondent reported
Average or Poor service?
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