If one person is chosen at random from the above study, determine the following: (Give your...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
If one person is chosen at random from the above study, determine the following: (Give your answer as a fraction and a decimal rounded to three decimal places) 1. What is the probability that the person is 35- 44 years old? 2. What is the probability that the person prefers McDonalds? 3. What is the probability that the person does NOT prefer KFC? 4. What is the probability that the person is 25-34 years old OR prefers McDonalds? 5. What is the probability that the person is 25-34 years old AND prefers KFC? 6. What is the probability that the person is 45-65 years old OR prefers McDonalds? 7. What is the probability that the person prefers McDonalds OR Wendy's? 8. What is the probability that the person's age is at least 35? 9. What is the probability that the person prefers Wendy's AND KFC? 10. What is the probability that the person is 35-44 years old, given that the person prefers Wendy's? 11. What is the probability that the person prefers Wendy's, given that the person 35-44 years old? 12. What is the probability that the person is 35-44 years old AND prefers Wendy's? 13. What is the probability that the person prefers McDonalds, given that the person is 25-34 years old? 14. What is the probability that the person is 25-34 years old, given that the person prefers McDonalds? 15. Is the preference independent of age? Use probabilities from above to demonstrate your decision. 16. Give an example of two events that are disjoint (mutualy exclusive)? Age 25-34 35-44 45-65 Totals McDonalds 20 80 115 Wendy's Kentucky Fried Chicken (KFC) 50 65 55 30 30 55 Totals If one person is chosen at random from the above study, determine the following: (Give your answer as a fraction and a decimal rounded to three decimal places) 1. What is the probability that the person is 35- 44 years old? 2. What is the probability that the person prefers McDonalds? 3. What is the probability that the person does NOT prefer KFC? 4. What is the probability that the person is 25-34 years old OR prefers McDonalds? 5. What is the probability that the person is 25-34 years old AND prefers KFC? 6. What is the probability that the person is 45-65 years old OR prefers McDonalds? 7. What is the probability that the person prefers McDonalds OR Wendy's? 8. What is the probability that the person's age is at least 35? 9. What is the probability that the person prefers Wendy's AND KFC? 10. What is the probability that the person is 35-44 years old, given that the person prefers Wendy's? 11. What is the probability that the person prefers Wendy's, given that the person 35-44 years old? 12. What is the probability that the person is 35-44 years old AND prefers Wendy's? 13. What is the probability that the person prefers McDonalds, given that the person is 25-34 years old? 14. What is the probability that the person is 25-34 years old, given that the person prefers McDonalds? 15. Is the preference independent of age? Use probabilities from above to demonstrate your decision. 16. Give an example of two events that are disjoint (mutualy exclusive)? Age 25-34 35-44 45-65 Totals McDonalds 20 80 115 Wendy's Kentucky Fried Chicken (KFC) 50 65 55 30 30 55 Totals
Expert Answer:
Related Book For
Probability & Statistics for Engineers & Scientists
ISBN: 978-0130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
Posted Date:
Students also viewed these accounting questions
-
What is the probability that a person likes to watch football, given that she also likes to watch basketball? Football No Football Basketball27 No Basketball 38 13
-
What is the probability that a person selected at random from this group will oppose reducing industries' carbon emissions, if the person is a Republican? The table gives the results of a survey of...
-
What is the probability that a person selected at random from this group will favor reducing industries' carbon emissions, given that the person is a Democrat? The table gives the results of a survey...
-
The Policy Committee of your company decides to change investment strategies. This change entails an increase in exposure to the stocks of large companies producing consumer products dominated by...
-
How does the nature of the product relate to the degree of market exposure desired?
-
Your audit firm has been called in to examine the financial forecasts of Martin Corp., a multinational commercial building contractor. Toward that end, your firm conducted the following procedures: -...
-
How to prepare exhibits for trial?
-
If Valdamorte Company had net income of $560,000 in 2014 and it experienced a 40% increase in net income over 2013, what was its 2013 net income?
-
What does it mean for a cipher to have a security level (in bits) that is different from the key length of the cipher? What is the security level of 3DES? (upper bound)
-
Funtime, Inc., manufactures video game machines. Market saturation and technological innovations caused pricing pressures that resulted in declining profits. To stem the slide in profits until new...
-
Attached is the Stepwise survey questionnaire. Each student can select one dependent variable and 6 independent variables. The independent variables should include three quantitative variables and...
-
5. (15 points) This question involves a simple example that illustrates why o can be estimated by when we compute the heteroskedasticity robust standard errors. Consider a simple regression model...
-
A horizontal pipe of diameter 0.779 m has a smooth constriction to a section of diameter 0.4674 m. The density of oil flowing in the pipe is 821 kg/m. If the pressure in the pipe is 7530 N/m and in...
-
A researcher looking into the impact of gender, age, and the number of hours worked on the income of managers, created a model using the natural log of the individuals wage as the dependent variable....
-
Explain the difference between D-Latch and D flip flop with the help of diagram? If the sand Rwaveforms in Figure 2 are applied to the inputs of the latch as shown, determine the waveform that will...
-
Prepare the following for a report for the company Australia Bay Seafoods to market itsproducts internationally by comparing the opportunities and threats in countries Korea and Japan. Then decide...
-
5 Draw a minimum spanning tree of graph G4 (of Figure 5) different from MST1(Figure 6). 6 5 A E A 4 1 3 2 4 B D 2 Figure 5. G4 F B E D F Figure 6. MST1
-
Players A, B, and C toss a fair coin in order. The first to throw a head wins. What are their respective chances of winning?
-
Light strikes a sodium surface, causing photoelectric emission. The stopping potential for the ejected electrons is 5.0 V and the work function of sodium is 2.2eV. What is the wavelength of the...
-
Dom's Pizza Company uses taste testing and statistical analysis of the data prior to marketing any new product. Consider a study involving three types of crusts (thin, thin with garlic and oregano,...
-
Consider the data of Table 17.1. Suppose that additional samples of size 5 are taken and tensile strength recorded. The sampling produces the following results (in pounds per square inch).(a) Plot...
-
Green, CPA, is considering audit risk at the financial statement level in planning the audit of National Federal Bank (NFB) Company's financial statements for the year ended December 31, 19X0. Audit...
-
For the following sets of circumstances, indicate whether the auditor would have a high or low risk of failing to detect these circumstances with appropriate audit procedures. Give reasons for your...
-
Using the audit risk model, calculate detection risk if the other risks are set at these levels. a. Individual audit risk of 5 percent. Inherent risk of 50 percent. Control risk of 40 percent. b....
Study smarter with the SolutionInn App