Draw a venn diagram, Draw a Venn diagram that shows the

Draw a venn diagram

Assignment Help Basic Statistics

Reference no: EM131011535

1. Draw a Venn diagram. Draw a Venn diagram that shows the relation between the events A and Bin Exercise 4.106. Indicate each of the following events on your diagram and use the information in Exercise 4.106 to calculate the probability of each event. Finally, describe in words what each event is.

(a) {A and B}

(b) {Ac and B}

(d) {Ac and Bc}

2. Sales of cars and light trucks. Motor vehicles sold to individuals are classi?ed as either cars or light trucks (including SUVs) and as either domestic or imported. In a recent year, 69% of vehicles sold were light trucks, 78% were domestic, and 55% were domestic light trucks. Let A be the event that a vehicle is a car and B the event that it is imported.

Write each of the following events in set notation and give its probability.

(a) The vehicle is a light truck.

(b) The vehicle is an imported car.

Reference no: EM131011535

Questions Cloud

Transition from bean counter to strategic partner : Over the last 30 years, management accountants have made the transition from a “bean counter” to a “strategic partner.” The advent of technology has facilitated automation and recordkeeping. As such, the management accountant has been free to develop..

Determining the income tax returns : In 2004, the Internal Revenue Service received 312,226,042 individual tax returns. Of these, 12,757,005 reported an adjusted gross income of at least $100,000, and 240,128 reported at least $1 million.27 If you know that a randomly chosen return s..

Cash flow analysis is setting the bid price on a project : Another utilization of cash flow analysis is setting the bid price on a project. To calculate the bid price, we set the project NPV equal to zero and find the required price. Thus the bid price represents a financial break-even level for the project...

Evaluate the argument or a part of the argument : Your response will require you to evaluate the argument or a part of the argument in the article you select. You must take a stand in which you agree or disagree with the critic and explain why

Draw a venn diagram : Draw a Venn diagram that shows the relation between the events A and Bin Exercise 4.106. Indicate each of the following events on your diagram and use the information in Exercise 4.106 to calculate the probability of each event. Finally, describe..

Uses straight-line depreciation-What is the IRR of decision : A firm is considering an investment in a new machine with a price of $18.15 million to replace its existing machine. The current machine has a book value of $6.15 million and a market value of $4.65 million. Assume the company uses straight-line depr..

What are two benefits and two costs of free trade : Analyze the message delivered by each of your visual media items. Foreachitem, respond to the following questions in complete sentences. Cite evidence from the resource and the lesson to justify your responses.

What is the fraction of the chemical that is absorbed : What is the fraction of the chemical that is absorbed with each breath by the animal? Your answer for α should be written as a decimal, not as a percent.

What is the conditional probability : 2. Find a conditional probability. In the setting of the previous exercise, what is the conditional probability that a household is prosperous, given that it is educated? Explain why your result shows that events A and B are not independent.

User Account

All Pages