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

a. Develop a joint probability table and show the marginal probabilities..
b. What is the probability of a household whose income exceeds $50,000 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 follows.
  
a. Develop a joint probability table and show the marginal probabilities..
b. What is the probability of a household whose income exceeds $50,000 and who rejects the offer?
c. If income is < $50,000, what is the probability the offer will be accepted?
d. If the offer is accepted, what is the probability that income exceeds $50,000?

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 follows.
  
a. Develop a joint probability table and show the marginal probabilities..
b. What is the probability of a household whose income exceeds $50,000 and who rejects the offer?
c. If income is < $50,000, what is the probability the offer will be accepted?
d. If the offer is accepted, what is the probability that income exceeds $50,000?

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