Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

describe probability of compound events.

In a study of the consumer's opinion of the economy the probability that a consumer would buy a house during the year was 0.013, as well as the probability that a consumer would buy a car during the year was 0.198. There was as well a 0.010 probability that a consumer would buy a house and a car during the year.

1) describe what is the probability that a consumer would buy either a car or a house or both during the year?

2) describe what is the probability that a consumer would buy a car during the year given that the consumer purchased a house during the year?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920219

Have any Question? 


Related Questions in Statistics and Probability

A citys mean minimum daily temperature in february is 27

A city's mean minimum daily temperature in February is 27 degrees F. Suppose the standard deviation of the minimum temperature in February is 4 degrees F and that the distribution of minimum temperatures in February is a ...

Electronic mail game let lgtmgt 0 be two positive real

Electronic Mail game Let L>M> 0 be two positive real numbers. Two players play a game in which the payoff function is one of the following two, depending on the value of the state of nature s, which may be 1 or 2: The pr ...

Assignmentsuppose that there are two candidates ie jones

Assignment Suppose that there are two candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 15 friends, and 10 said that the ...

A recent report suggested that older people think more

A recent report suggested that older people think more slowly than younger people because they have more information stored in their brains.  Because WeStudyEverything wasn't sure regarding the source of the study, they ...

1 in may the mean price of gas in the buffalo area was 2714

1. In May, the mean price of gas in the Buffalo area was $2.714 per gallon with a standard deviation of $0.045. In a sample of 32 gas stations, what percentage will have a price per gallon of gas between $2.695 and $2.72 ...

1 what does the reliability coefficient of a measure

1. What does the reliability coefficient of a measure indicate if it is .60? .OO? 1.00? 2. What does a correlation coefficient tell us? Why are correlation coefficients useful when assessing reliability? 3. What are the ...

A reasearcher studying correctional treatment on 192 sex

A reasearcher studying correctional treatment on 192 sex offenders composed of 10 females and 182 males finds that 11 males along with 1 female had reoffended. He then calculated the percentages and find that 10% of fema ...

You plan to start saving for your sons college education he

You plan to start saving for your son's college education. He will begin college when he turns eighteen and will need $4,000 then and in each of the following three years. You will make a deposit at the end of this year ...

1 draw a negatively skewed distribution2 what does it

1. Draw a negatively skewed distribution. 2. What does it indicate if a participant has a z-score of 2.5? -.80? .OO?

Explain how the picture below helps us understand

Explain how the picture below helps us understand Christianity. Who were the thinkers that used these philosophers to understand their faith?

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen