Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

K In a recent poll, a random sample of adults in some country (18 years and older) was asked, When you see an ad

image text in transcribed

K In a recent poll, a random sample of adults in some country (18 years and older) was asked, "When you see an ad emphasizing that a product is "Made in our country," are you more likely to buy it, less likely to buy it, or neither more nor less likely to buy it?" The results of the survey, by age group, are presented in the following contingency table. Complete parts (a) through (c). Purchase likelihood More likely Less likely 18-34 35-44 45-5455+ Total 228 304 382 410 1324 23 10 24 12 69 Neither more nor less likely 297 209 165 114 Total 785 548 523 571 536 2178 (a) What is the probability that a randomly selected individual is at least 55 years of age, given the individual is more likely to buy a product emphasized as "Made in our country"? The probability is approximately (Round to three decimal places as needed.)

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

Step: 3

blur-text-image

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

Financial Algebra advanced algebra with financial applications

Authors: Robert K. Gerver

1st edition

978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670

More Books

Students also viewed these Mathematics questions

Question

1. The next area, Now we will turn to, or The second step is.

Answered: 1 week ago

Question

When and how can CSR become a risk?

Answered: 1 week ago

Question

How and why can AI help with risk identification?

Answered: 1 week ago