A survey by the Pew Research Center (Snapshots: Goals of 'Gen Next' vs. 'Gen X,' USA Today,

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A survey by the Pew Research Center ("Snapshots: Goals of 'Gen Next' vs. 'Gen X,'" USA Today, March 27, 2007, p. 1A) indicated that 81% of 18- to 25-year-olds had getting rich as a goal, as compared to 62% of 26- to 40-yearolds. Suppose that the survey was based on 500 respondents from each of the two groups.
a. Construct a contingency table.
b. Give an example of a simple event and a joint event.
c. What is the probability that a randomly selected respondent has a goal of getting rich?
d. What is the probability that a randomly selected respondent has a goal of getting rich and is in the 26- to 40-year-old group?
e. Are the events "age group" and "has getting rich as a goal" independent? Explain.
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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