Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: For sale. In the real-estate ads described in Exercise, 64% of homes for sale have garages, 21% have swimming pools, and 17% have both features.

a) If a home for sale has a garage, what's the probability that it has a pool too?

b) Are having a garage and a pool independent events? Explain.

c) Are having a garage and a pool mutually exclusive? Explain.

Exercise: Homes. Real estate ads suggest that 64% of homes for sale have garages, 21% have swimming pools, and 17% have both features. What is the probability that a home for sale has

a) a pool or a garage?

b) neither a pool nor a garage?

c) a pool but no garage?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92456769
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Plastic sheets made by a machine are periodically monitored

Plastic sheets made by a machine are periodically monitored for fluctuations in thickness. If the true standard deviation in thickness exceeds 2.0 millimeters, there is cause for concern about product quality. Past exper ...

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

A system has two independent components both components

A system has two independent components. Both components must function for the system to function. The first component has 7 components that each work with probability 0.95. If at least 5 elements are working then the fi ...

The weights of bags of peas are normally distributed with a

The weights of bags of peas are normally distributed with a mean of 12.08 ounces and a standard deviation of 1.03 ounces. Bags in the upper 4% are too heavy and must be repackaged. What is the most that bag and weigh and ...

The time spent in days waiting for a heart transplant can

The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200.  u=129 o=20.2.  (a) What is the shortest number of days spent that would put a patient in the top ...

Why does a high standard deviation of a stocks rate of

Why does a high standard deviation of a stock's rate of return mean that that stock is risky? Explain. (Hint: Intuitively explain how we calculate standard deviation and what does it mean)

A suppose you purchase a 3-year zero-coupon bond with face

(a) Suppose you purchase a 3-year zero-coupon bond with face value of $1000 and a price of $850. What is the bond's yield? If you hold the bond to maturity, what will be your effective annual return? (b) Now suppose you ...

100 people are invited to the party each guest is estimated

100 people are invited to the party. Each guest is estimated to eat 0 or 1 or 2 sandwiches with probabilities 0.2,0.50.3 respectively. How many sandwiches should be ordered ro be approx 90% confident that there will be e ...

Approximately once a month cars are shipped from rotterdam

Approximately once a month cars are shipped from Rotterdam, Holland to Lagos, Nigeria. The past data collection indicates that the weight of a car is normally distributed with the mean of 1,070 kg and the  standard devia ...

A book company sells 10 000 books a month each book has a

A book company sells 10, 000 books a month, each book has a 1/500 chance of being returned. Us the Poisson approximation to find the probability that the number of books returned in a month will be at most 3.

  • 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