In a recent survey of computer ownership, 73.4% of the respondents indicated they own PC computers, while 21.8% indicated they own both PC and Mac computers, and 80.1% said they own at least one of the two computers.
a.What is the probability that a respondent owns a Mac computer?b.Given that a respondent owns a PC, what is the probability that the respondent also owns a Mac?c.Are events P and M mutually exclusive? Why or why not? Explain using probabilities.d.Are the two events P and M independent? Explain, using probabilities.

What will be an ideal response?


a.0.285
b.0.297
c.No, because P(P?M) ? 0
d.No, because P(P?M) ?P(P) P(M)


Business

You might also like to view...

An employee at CellWorld who produces 10 phone components in an hour earns $9 ($0.90 ×10) per hour, while another employee who produces 15 components earns $13.50 ($0.90 ×15). This is an example of a

A. direct commission plan. B. differential piece rate plan. C. straight piecework plan. D. profit-sharing plan. E. commission plan.

Business

According to the text, the beta coefficient is also called the beta weight

Indicate whether the statement is true or false

Business

Clint contests the amount of a bill he received from Car Care Specialists. Under the Restatement, settlement of the claim:

a. is not valid consideration. b. is not a legal detriment to Clint if his contentions were not made in good faith. c. is valid consideration if at the time of the settlement the claim was doubtful because of uncertainty as to the facts. d. does not involve a disputed debt unless Clint contests both the existence of the obligation and the amount of the bill.

Business

Bess wishes to appeal a decision of a bankruptcy court. Bess may appeal to

a. no court—there is no appeal from a bankruptcy court decision. b. a federal district court. c. the U.S. Supreme Court. d. a state court.

Business