a) Use Excel to create a scatter plot of the data.

b) Predict the savings for someone who earns $50,000 annually.

c) If a person?s income increased by $5000, how much of an increase in savings would be predicted?

Table below is gathered data obtained from a random sample of 1000 students. Table shows Gender and Residence of Students

a) What is the probability that a student is female and lives in a dorm?

b) What is the probability that a student is female given that she lives in a dorm?

c) What is the probability that a student lives in a dorm given that she is a female?

d) What is the probability that a student lives in a dorm or an apartment off campus?

e) What are the odds in favor of choosing a student who lives in a dorm?

Transcribed Image Text:

Income in $ *000 Savings in S *000 28 0.2 25 0 34 0.8 43 1.2 48 3.1 39 2.1 74 8.3 Apartment off campus Dorm room With Parent(s) Sorority/Fraternity House Males 50 150 100 200 Females 90 210 50 150 Income in $ *000 Savings in S *000 28 0.2 25 0 34 0.8 43 1.2 48 3.1 39 2.1 74 8.3 Apartment off campus Dorm room With Parent(s) Sorority/Fraternity House Males 50 150 100 200 Females 90 210 50 150

Answer rating: 100% (QA)

1 Yes The sample size of 100 is 10 of the population If we give ... View the full answer