Through a telephone survey,a low-interest bank credit card is offered to 400 households.The responses are as tabled.

a.Develop a joint probability table and show the marginal probabilities..
b.What is the probability of a household whose income exceeds $40,000 and who rejects the offer?
c.If income is

Question

Through a telephone survey,a low-interest bank credit card is offered to 400 households.The responses are as tabled.
  
a.Develop a joint probability table and show the marginal probabilities..
b.What is the probability of a household whose income exceeds $40,000 and who rejects the offer?
c.If income is < $40,000,what is the probability the offer will be accepted?
d.If the offer is accepted,what is the probability that income exceeds $40,000?

Quizplus · Accepted Answer

The Answer of Through a telephone survey,a low-interest bank credit card is offered to 400 households.The responses are as tabled.
  
a.Develop a joint probability table and show the marginal probabilities..
b.What is the probability of a household whose income exceeds $40,000 and who rejects the offer?
c.If income is < $40,000,what is the probability the offer will be accepted?
d.If the offer is accepted,what is the probability that income exceeds $40,000?

Through a Telephone Survey,a Low-Interest Bank Credit Card Is Offered