What is the probability that a person planned

Assignment Help Basic Statistics
Reference no: EM13255652

What is the probability of an event? What are mutually exclusive events? What does collectively exhaustive mean? 
How can we use contingency tables to solve for the probability of two events occurring at the same time? What is a conditional probability? Finally, explain the difference between the addition rule and the multiplication rule.

Use the following data to support answers to the questions above:

Out of 1000 respondents to a survey, 250 people planned to purchase a TV of which 200 actually purchased and 50 did not 
actually purchase. 750 people did not plan to purchase at TV, of which 100 actually purchased and 650 did not actually purchase. Put this data in the form of a contingency table and apply to some of the concepts above. 

For example, what is the probability that a person planned to purchase a TV? What is the probability that a person planned to purchase and actually purchased a TV? What is the probability that a person purchased a TV conditional on the fact that they planned to purchase a TV? Feel free to slice it and dice it as many ways you like to review for the exam.

Reference no: EM13255652

Questions Cloud

Find the location size and orientation of the image : An object 2.0 cm high is placed 45 cm from a concave mirror of radius 10 cm and radius of curvature 60 cm. Find the location, size, and orientation of the image
What is their yield to maturity : Please show all of your steps. I'm having issues working the formula to produce the correct answer. I found the correct answer in the practice problems but am unsure of how to get to this answer.
Calculate the resultant force of pull : you and a friend are pulling on a box at 90 degree angles to each other. You are pulling with 80 pounds of force, Calculate the resultant force of pull and the angle of pull from the zero angle
Find the his and her initial acceleration : A couple of astronauts agree to rendezvous in space after hours. Their plan is to let gravity bring them together. Find the his and her initial acceleration
What is the probability that a person planned : Out of 1000 respondents to a survey, 250 people planned to purchase a TV of which 200 actually purchased and 50 did not actually purchase. 750 people did not plan to purchase at TV, of which 100 actually purchased and 650 did not actually purchase.
How much money will be in the account at the end : How much in account 15 years later at age 55 if the account continues to earn 9.5% per year but you discontinued making new contributions?
What is the current value of the firm : the bond have a 4% coupon rate, payable semiannually and a par value of 1000, mature in 10 years. the yield to maturity is 12% so the bonds now sell below par. what is the current value of the firm
Explain what will happen in device in terms of w and charges : A pn junction may be formed by depositing a single crystal film of uniformly doped p-silicon onto a substrate that has been doped n-type. The substrate is 500um thick, and the film is 20um thick. The substrate has a 5 ohm-cm resistivity.
Write a report on recognizing your traits : Write a report on Recognizing your traits, developing leadership skills and creating a vision

Reviews

Write a Review

Basic Statistics Questions & Answers

  Explain kind of data to assess pain using emoticons

When students go to the Health Center these days complaining of pain, they are asked to assess their pain using emoticons. One person's assessment is an example of what kind of data?

  Variance and standard deviation to real-world

How might variance and standard deviation be applied to a real-world business-related problem? Provide a specific application in which these measures are useful.

  Probability students selected are undergraduate students

The ground floor of the campus building, what is the probability that at least 3 students selected are undergraduate students?

  Find how many loaves should amazing bake daily

If sales follow a normal distribution with mean = 70,000 and st. deviation= 5,000 per day, how many loaves should Amazing bake daily?

  Derive the probability distribution of the completion times

Derive the probability distribution of the completion times - For each of the distribution in (i) above, calculate their relevant statistics. A task is known to have the following time to completion

  Find the margin of error to estimate the mean

In an effort to estimate the mean amount spent per customer for dinner at a major Atlanta restaurant, data were collected for a sample of 49 customers. At 95% confidence, what is the margin of error (to 1 decimal)?

  Smokers to receive nicotine patches

Nicotine patches are often used to help smokers quit. Does giving medicine to fight depression also help? A randomized double blind experiment assigned 244 smokers to receive nicotine patches and another 245 to receive both a patch and the antidep..

  Find probability that item was produced by machine two

1 per cent produced by Machine 2 were defective. If an item selected at random is found to be defective, what is the probability that it was produced by Machine 2.

  Find percentage of women in populations

Then the percentage of women in the populations is 53% and the percentage of men is 47%. If you were to sample 144 people at random, how many would you expect to be women?

  Compute correlation coefficient-coefficient of determination

Calculate the correlation coefficient, coefficient of determination. Check whether there is a relation between correlation coefficient and coefficient of determination.

  Quadratic equation from its graph

How can you tell what are the solutions of a quadratic equation by looking at its graph? Explain.

  Graphical technique to compare the divorce rates

Use a graphical technique to compare the divorce rates in 1992, 2008 and 2012 broken down by age for Australian Male. Describe your graph.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd