A market study taken at a local sporting goods store showed that of 20 people questioned, 6 owned tents, 10 owned sleeping bags, 8 owned camping stoves, 4 owned both tents and camping stoves, and 4 owned both sleeping bags and camping stoves. Let event A = owns a tent, event B = owns a sleeping bag, event C = owns a camping stove, and sample space = 20 people questioned

a. Find P(A), P(B), P(C), P(A?C), P(B?C).
b. Are events A and C mutually exclusive? Explain briefly.
c. Are events B and C independent events? Explain briefly.
d. If a person questioned owns a tent, what is the probability he also owns a camping stove?
e. If two people questioned own a tent, a sleeping bag, and a camping stove, how many own only a camping stove?
f. Is it possible for three people to own both a tent and a sleeping bag, but not a camping stove?


a. P(A) = .3, P(B) = .5, P(C) = .4, P(A?C) = .2, P(B?C) = .2
b. not mutually exclusive; there are four people who own both a tent and stove
c. independent
d. P(C | A) = .667
e. two people own only a stove
f. no

Business

You might also like to view...

Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's balance sheet in 2012?

A) Fixed assets increased $12,000 or 7.14% during 2012. B) Total assets is $500,000 in 2012. C) Fixed assets is 27.6% of total assets in 2012. D) Fixed assets is 30% of total assets in 2012.

Business

If the union's resistance point is 3% and their target is 5%, while the employer's resistance point is 2.5% with a target of 0:

A. There is no contract zone. B. There is a large contract zone. C. The contract zone is likely to change. D. There is a small contract zone.

Business

Prosecutorial discretion to plea bargain in criminal cases is constitutionally protected

and therefore valid in all 50 states. a. True b. False

Business

All adjustments to the unadjusted book balance on a bank reconciliation require journal entries, but adjustments to the unadjusted bank balance do not require journal entries.

Answer the following statement true (T) or false (F)

Business