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A travel agency is offering a special promotion for a 6-day holiday in Costa Rica. They decided to do direct selling via phone to 400 families. The responses from the families are as follows:
Income less than 60K Income greater than 60K
Booked the holiday 40 30
Did not book the holiday 210 120
a) Develop a joint probability table and show the marginal probabilities
b) What is the probability of a family whose income exceeds $60K and DID NOT book the holiday?
c) If the family income is less than $60K, what is the probability that the holiday will be booked?
d) If the holiday is booked, what is the probability that income exceeds $60K?
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