According to a recent survey of SA households, the probability that the residents of a household...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
According to a recent survey of SA households, the probability that the residents of a household own two cars if their annual household income is over Rs. 1,50,000 is 60%. Of the households surveyed, 60% had incomes over Rs. 1,50,000 and 70% had two cars. What is the probability that the residents of a household own two cars and have an annual household income of over Rs. 1,50,000? According to a recent survey of SA households, the probability that the residents of a household own two cars if their annual household income is over Rs. 1,50,000 is 60%. Of the households surveyed, 60% had incomes over Rs. 1,50,000 and 70% had two cars. What is the probability that the residents of a household own two cars and have an annual household income of over Rs. 1,50,000?
Expert Answer:
Related Book For
Essentials of Business Statistics Communicating With Numbers
ISBN: 978-0078020544
1st edition
Authors: Sanjiv Jaggia, Alison Kelly
Posted Date:
Students also viewed these mathematics questions
-
A recent survey of U.S. chief financial officers provides compelling evidence that managers are willing to take extraordinary measures to achieve financial earnings targets. For example, the survey...
-
According to a recent Wall Street Journal article entitled "Pay gap fuels worker woes,". the gap between top executive and employee compensation has never been greater. That's triggering lower morale...
-
A recent survey of 992 people asked: In which professional sportfootball, boxing, hockey, or martial artsis an athlete most likely to sustain an injury that will affect the athlete after he or she...
-
The most popular Java GUI containers include: . a. JFrame Form, JDialog Form, JPanel Form b. JPanel Form, JPlugins Form, JCanvas Form c. JPanel Form, JMaven Form, PHP Form d. JFrame Form, JField...
-
Given: v = [4 -1 2 3 1 -2 5 0] and u = [5 -1 0 3 -3 2 1 5]. Evaluate the following expressions without using MATLAB. Check the answers with MATLAB. (a) (b) v = = (c) u = = abs(v) (d) v >= u + v
-
Alice solicited an offer from Robett Manufacturing Company to manufacture certain clothing that Alice intended to supply to the government. Alice contends that in a telephone conversation Robett made...
-
If an impulse is delivered to a system, is work necessarily done on the system?
-
Evergreen Corporation has $2,000,000 of 6 percent bonds outstanding. There is $40,000 of unamortized discount remaining on the bonds after the March 1, 2014, semiannual interest payment. The bonds...
-
The post-closing trial balance helps to verify that: (Select all that apply.) Multiple select question. the company was profitable during the current period the accounts are ready for next period's...
-
Using loop ACFDEA from Figure 14.10, and the data from Table 14.6, what is the (a) Misclosure in the X component? (b) Misclosure in the Y component? (c) Misclosure in the Z component? (d) Length of...
-
Consider this linear optimization problem: maximize 4 x + 5 y + 6 z subject to 3 x + 2y <= 100 y + 3 z <= 120 4 x + z <= 80 x, y, z should be non-negative. Solve this and write down the...
-
Waller, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 12 years to maturity that is quoted at 103 percent of face value. The issue makes semiannual payments...
-
Wong, owner of a small business, has a used stamping machine for sale. He offers to sell it to Vasquez for $25,000. Wong dies prior to Vasquez's acceptance. At the time he accepts he is unaware of...
-
java Specifications You will create the following classes: TestClassComposite - holds main and the array or arrayList Date - has a month, day, and year Name - has a first name, middle initial, and...
-
Calculate present value of the retirement benefit: Stan elects to receive his retirement benefit over 10 years. The first monthly payment of 2000 will be paid one month from now and each subsequent...
-
You are an American (USD or $) importer buying from Europe(EUR or E). The transaction size is 504,708 Euros due in 2 months. This option has an exercise price of 1.26 and comes in contract sizes of...
-
2. Maya Harris, a junior bond analyst for Persimmon Advisors, is researching investment alternatives for clients. Harris computed the following par and spot rates from annual-coupon sovereign...
-
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
-
A recent study examined sidewalk rage in an attempt to find insight into angers origins and offer suggestions for anger-management treatments (The Wall Street Journal, February 15, 2011). Sidewalk...
-
Suppose you are conducting a test of independence. Specify the critical value under the following scenarios: a. r = 5, c = 2, and = 0.025 . b. r = 3, c = 5, and = 0.01 .
-
Research by Harvard Medical School experts suggests that boys are more likely than girls to grow out of childhood asthma when they hit their teenage years (BBC News, August 15, 2008). Scientists...
-
If you invest $5,000 three years from now, how much will be in the account 15 years from now if i = 10 percent compounded annually? a. $8,053 b. $15,692 c. $20,886 d. $27,800
-
Under what circumstances are the effective annual interest rate and the period interest rate equal? a. Never true b. If the number of compounding periods per year is 1 c. If the number of compounding...
-
If you want to triple your money at an interest rate of 6 percent per year compounded annually, how many years would you have to leave the money in the account? a. 12 years b. 19 years c. 32 years d....
Study smarter with the SolutionInn App