You are the marketing director for a museum that raises money by selling gift items from a
Question:
a. Display the outcomes and their probabilities in a contingency table, using the rows for the (Y, N) outcomes for the fall catalog and the columns for the (Y, N) outcomes for the winter catalog.
b. Let F denote buying from the fall catalog and W denote buying from the winter catalog. Find P(F) and P(W).
c. Explain what the event F and W means, and find P(F and W).
d. Are F and W independent events? Explain why you would not normally expect customer choices to be independent.
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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