Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A market research firm is investigating the appeal of three package designs. The table below gives information obtained through a sample of 200 consumers. The three package designs are labeled A, B, and C. The consumers are classified according to age and package design preference.

A B C Total
Under 25 years 22 34 40 96
25 or older 54 28 22 104
Total 76 62 62 200

If one of these consumers is randomly selected, what is the probability that the person prefers design A and is under 25?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9394305

Have any Question?


Related Questions in Statistics and Probability

How to calculate the sample space problem consider the

How to calculate the sample space? Problem: Consider the experiment of drawing two cards from a deck in which all picture cards have been removed and adding their values (with ace = 1)

A binomial process has 892 trails and a probability of

A binomial process has 892 trails and a probability of success of 0.78. What is the standard deviation of this process distribution?

A company designs a new laptop computer and wants to

A company designs a new laptop computer and wants to investigate customers' preferences with respect to three select laptop features. The features are Price (High vs. low) Processor Speed (Low vs. medium vs. high) Weight ...

In families with four children youre interested in the

In families with four children, you're interested in the probabilities for the different possible numbers of girls in a family. Using theoretical probability (assume girls and boys are equally likely), compile a five-col ...

Question suppose you have applied to three graduate schools

Question: Suppose you have applied to three graduate schools: A, B, and C. The odds of getting into A are 20%, into B are 40%, and into C are 60%. What is the probability you get rejected at all three schools? Get accept ...

Suppose it is known that the response time of healthy

Suppose it is known that the response time of healthy subjects to a particular stimulus is a normally distributed random variable with a mean of 15 seconds and a variance of 16. What is the probability that a random samp ...

Stocks a b and c have expected returns of 12 percent 12

Stocks A, B, and C have expected returns of 12 percent, 12 percent, and 10 percent, respectively, while their standard deviations are 42 percent, 30 percent, and 30 percent, respectively. If you were considering the purc ...

In february 2017 the risk-free rate was 431 percent the

In February 2017 the risk-free rate was 4.31 percent, the market risk premium was 6 percent, and the beta for Twitter stock was 1.58. What is the expected return that was consistent with the systematic risk associated wi ...

Suppose that systolic blood pressure for 35- to

Suppose that systolic blood pressure for 35- to 44-year-olds is normally distributed with mean 125 in mm Hg and standard deviation 10 in mm Hg. What proportion of individuals will have a blood pressure reading between 12 ...

An independent measures study with n 6 in each sample

An independent measures study with n = 6 in each sample, produces a sample mean difference of 4 points and a pooled variance of 12. What is the value for the t statistic?

  • 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