Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Applied Statistics Expert

15. During a recent period of high unemployment, hundreds of thousands of drivers dropped their automobile insurance. Sample data representative of the national automobile insurance coverage for individuals 18 years of age and older are shown here.

 

                                             Automobile Insurance

                                                           Yes          No

18-34                                               1500        340

35 and over                                    1900        260

 

a. Develop a joint probability table for these data and use the table to answer the remaining questions.

b. What do the marginal probabilities tell you about the age of the U.S. population?

c. What is the probability that a randomly selected individual does not have automobile insurance coverage?

d. If the individual is between the ages of 18 and 34, what is the probability that the individual does not have automobile insurance coverage?

e. If the individual is age 35 or over, what is the probability that the individual does not have automobile insurance coverage?

f. If the individual does not have automobile insurance, what is the probability that the individual is in the 18-34 age group?

g. What does the probability information tell you about automobile insurance coverage in the United States?

Applied Statistics, Statistics

  • Category:- Applied Statistics
  • Reference No.:- M91523776
  • Price:- $30

Guranteed 24 Hours Delivery, In Price:- $30

Have any Question?


Related Questions in Applied Statistics

Business analytics and statistics research report -this

Business Analytics and Statistics Research Report - This assignment is based on fictional data. You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in present ...

Assignment -in this assignment ms excel must be used to

Assignment - In this assignment MS Excel must be used to perform any calculations/graphical presentations as required in this assignment. Question 1 - Below you are given the examination scores of 20 students (data set a ...

Go to the webliography source for the national cancer

Go to the Webliography source for the National Cancer Institute's Surveillance, Epidemiology, and End Results (SEER) Program. In the Fast Stats, create your own cancer statistical report, "Stratified by Data Type," and u ...

Assignment -for each of the prompts below report the

Assignment - For each of the prompts below, report the appropriate degrees of freedom, t statistic, p-value and plot using the statistical software platform of your choice (R/STATA) 1) A sample of 12 men and 14 women hav ...

Business statistics project assignment -there will be two

BUSINESS STATISTICS PROJECT ASSIGNMENT - There will be two parts to this assignment: Part A: Group Work (A Business Report) Part B: Individual Reflective Piece (A Ministerial Brief) The response to Part A must be provide ...

Assignment -in this assignment ms excel must be used to

Assignment - In this assignment MS Excel must be used to perform any calculations/graphical presentations as required in this assignment. Question 1 - Below you are given the examination scores of 20 students (data set a ...

Part a -question 1 - an analyst considers to test the order

PART A - Question 1 - An analyst considers to test the order of integration of some time series data. She decides to use the DF test. She estimates a regression of the form Δy t = μ + ψy t-1 + u t and obtains the estimat ...

Business data analysis facts from figures assignment

BUSINESS DATA ANALYSIS: FACTS FROM FIGURES Assignment - Question 1 - Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions     1 31,920 2 25,120 3 30,350 4 24,650 5 ...

Question - go to the website national quality forum nqf

Question - Go to the website, National Quality Forum (NQF), located in the Webliography, and download the article by WIRED FOR QUALITY: The Intersection of Health IT and Healthcare Quality, Number 8, MARCH 2008. You are ...

Questions -question 1 - briefly explain what each of the

Questions - Question 1 - Briefly explain what each of the following theories says about corporate cash holdings: The static tradeoff theory: Information asymmetry. The agency costs of debt. Managerial agency theory. The ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As