The following table describes the adult population of a small suburb of a large southern city. A
Question:
The following table describes the adult population of a small suburb of a large southern city. A marketing research firm plans to randomly select onc adult from the suburb to evaluate a new food product. For this experiment the nine age-income categories are the sample points. Consider the following events:
A: (Person is under 25)
B: (Person is between 25 and 45)
C: (Person is over 45)
D: (Person has income under $20,000)
E: (Person has income of $20,000-$50,000)
F: (Person has income over $50,000)
Convert the frequencies in the table to relative frequencies and use them to calculate the following probabilities:
a. P(B)
b. P(F)
c. P(CnF)
d. P(BUC)
e. P(AC)
f. P(ACnF)
g. Consider each pair of events (A and B, A and C, etc.) and list the pairs of events that are mutually exclusive. Justify your choices.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780130272935
8th Edition
Authors: James T. McClave, Terry Sincich, P. George Benson