Joint-marginal-conditional probabilities

Assignment Help Basic Statistics

Reference no: EM1316077

In Arlington, 25% of all homes are all electric. Sixty percent of the all electric homes have air conditioning while only one-fourth of the gas-heated homes are air-conditioned. During a casual conversation, a young woman you just met at Bardo remarks how nice it is to return home after work this summer because her air-conditioning is set very low. What is the probability that she lives in an all electric home?

Reference no: EM1316077

Questions Cloud

Use the binomial distribution formula to calculate : Privacy Are your finances, buying habits, medical records, and phone calls really private? A real concern for many adults is that computers and Internet are reducing privacy. A survey conducted by Peter D.

Purpose the journal entry to record the issuance of the bond : Bond issue and Bond retirement Journal entries, Bond amortization Schedule using effective interest method - Purpose the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2005.

Illustrate the regression model and predict it : Illustrate the regression model and predict it. The following table shows the yearly maintenance costs for several cars, as well as their age.

External economies of scale and dynamic : Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.

Joint-marginal-conditional probabilities : Determine the probability that she lives in an all electric home?

What is the probability that none of the men will say yes : Dating In Chances- Risks and Odds in Everyday Life, James Burke claims that about 70 percent of all single men would welcome a woman taking the initiative in asking for a date. A random sample of 20 single men was asked if they would welcome the woma..

Determine the price of the stock using dividend : Determine the Price of the stock using dividend discount Model - What should the price of the company's stock be today?

Analysis of cournot duopoly model : Consider a homogenous-product Cournot duopoly model in which Q is the market output-Determine the best-response function for each firm. Draw a diagram showing the two best-response functions.

Estimate the probability using bayes theorem : If a single test is run and indicates that oil is present, what is the revised probability that oil is actually present?

User Account

All Pages