A small town has 5,600 residents. The residents in the town were asked whether or not they favored building a new bridge across the river. You are given the following information on the residents' responses, broken down by sex.

 Men
Women
Total
In Favor1,400
   280
1,680
Opposed   840
3,080
3,920
Total2,240
3,360
5,600

Let:M be the event a resident is a man W be the event a resident is a woman F be the event a resident is in favor P be the event a resident is opposed?
a.Find the joint probability table.b.Find the marginal probabilities.c.What is the probability that a randomly selected resident is a man and is in favor of building the bridge?d.What is the probability that a randomly selected resident is a man?e.What is the probability that a randomly selected resident is in favor of building the bridge?f.What is the probability that a randomly selected resident is a man or in favor of building the bridge?g.A randomly selected resident turns out to be male. Compute the probability that he is in favor of building the bridge.

What will be an ideal response?


a and b

 MWTotal
F.25.05  .3
P.15.55  .7
Total.40.601.0

c.0.25
d.0.4
e.0.3
f.0.45
g.0.625

Business

You might also like to view...

When setting optimal levels of product availability in practice, it is important to

A) obtain a reasonable estimate of the cost of stocking out. B) obtain a very precise estimate of the cost of stocking out. C) focus on the most responsive production method, even if it is not low cost. D) develop a preset target of product availability.

Business

Collection float is experienced by a payer and is a delay in the receipt of funds

Indicate whether the statement is true or false

Business

Churning is when a securities professional buys a stock for his own benefit and then urges investors to buy the stock to drive its price up for his benefit

a. True b. False Indicate whether the statement is true or false

Business

What are the five categories of fund balance on a Governmental Funds Balance Sheet?

What will be an ideal response?

Business