State of Nature Purchase State 1 State 2 D1 50 37 D2 47 38 D3 48 30
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Question:
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Say a recent weekend at Burger Doodle, where you can eat in the car, the manager noted the receipts from customers and kept track of the amount of the receipt and the method of payment. Use the same numbers you used in your table in Q1, but now consider the numbers as the basis of a contingency table to answer the following questions.
Cash or Credit | ||
Purchase | Cash (Ca) | Credit (Cr) |
Less the $50 (M1) | 50 | 37 |
$50 to less than $100 (M2) | 47 | 38 |
$100 + (M3) | 48 | 30 |
a-P(Ca) =
b-P(M1) =
c-P(M1 and CA) =
d-P(M1 or CA) =
e-P(M1 Ca) =
f-explain how you know if M1 and Ca are independent or not.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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