The probability that smartphone A will rise in price is 0.6 while the probability that smartphone B will rise in price is 0.52. The probability of both smartphones rising in price is 0.4.

 A = smartphone A will rise in price    B = smartphone B will rise in price

Report numeric answers to 2 decimal places. Do not convert to percent.

1. Use the given information to complete the following probability table.
   ¯¯¯A¯ and ¯¯¯B¯ represent the complements of events A and B respectively.

   	B	¯¯¯B¯	Total
   A
   ¯¯¯A¯
   Total			1.00

2. What is the probability that
   a) smartphone A will not rise in price?
   
   b) only smartphone B will rise in price?
   
   c) at least one smartphone will rise in price?
   
   d) both smartphones will not rise in price?
   
   e) only one smartphone will rise in price (not both)?
   
   f) no more than one smartphone will rise in price?
3. a) Are A and B mutually exclusive? Why?
   Select an answer Yes. They cannot occur at the same time. Yes. They can occur at the same time. No. They can occur at the same. No. They cannot occur at the same.
4. b) Are A and B independent? Why? Select an answer Yes. Occurrence of one affects the probability of the other. Yes. Occurrence of one does not affect the probability of the other. No. The occurrence of one does not affect probability of the other. No. Occurrence of one affects the probability of the other.

Answer rating: 100% (QA)

B B TOTAL A A 040 012 052 020 028 048 060 040 100 TOTAL a P A 040 Probability that smartphone ... View the full answer