What is the probability that the person is a male

Assignment Help Business Economics
Reference no: EM13245825

A survey of 500 men and 500 women designed to study financial tensions between couples asked how likely each was to hide purchases, cash or investments from his or her partner. The results were as follows:

 a) He or she is likely to hide a clothing purchases?

b) He or she is likely to hide investments

c) the person is a male and is likely to hide auto-related purchases?

d) the person is a female and is likely to hide clothing purchases?

e) Given that the person hides investments, what is the probability that the person is a male?

f) Are any of the types of things that couples hide statistically independent of the gender of the respondent? Explain?

Reference no: EM13245825

Questions Cloud

How will an increase in ethanol production impact the supply : How will an increase in ethanol production impact the supply and demand for corn, soy beans, and other alternative fuel resources What impact might this have on other goods and services dependent on these resources
Determine the opportunity costs and sunk costs : Mastercard had a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceless
How the company can improve its profitability : Recommend how the company can improve its profitability to deliver more value to its stakeholders. Then, develop a brief plan to implement the recommendations.
Find the equivalent annual worth of the project over 25 year : a road improvement project requires an initial investment of $9 million. Annual maintenance and repairs will be $50,000 for the first 10 years, and $75,000 for the final 15 years. In addition, the road will require $250,000 worth of resurfacing
What is the probability that the person is a male : Are any of the types of things that couples hide statistically independent of the gender of the respondent? Explain?
Define what sample size is required to reduce the sampling : A box contains 12600 red marbles and 885000 yellow marbles. What sample size is required to reduce the sampling standard deviation of red marbles to 1.85%?
How much would the man owe the lender at the time : A man borrows $250,000 to buy a house at the end of year 0 at a nominal 10% a year compounded quarterly. He arranges to make quarterly payments for 10 years, with the first quarterly payments occurring 6 months after receiving
Find the thermal resistance of each cubeb : Two metal cubes, one copper and one aluminum, with sides of length a are arranged as shown, find the thermal resistance of each cubeb
What must the size of the installment payments be : A woman borrows $50,000 at 10% compounded quaterly. She wishes to repay the money with 10 equal semi annual installments. what must the size of the installment payments be if the first payment is to be made six months

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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