Question: Online banking again Suppose that the information in Exercise 18 had been presented in the following way. A national survey of bank customers finds that

Online banking again Suppose that the information in Exercise 18 had been presented in the following way. A national survey of bank customers finds that 40% are younger than 50. Of those younger than 50, 5 of 8 conduct their banking online. Of those older than 50, only 1 of 12 banks online. Draw a tree for this situation. Why is the tree better than the table in this case?

Where are the joint probabilities found?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Inferential Statistics Questions!