Build a joint probability table based on this dataset b) What is the probability of online service

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Build a joint probability table based on this dataset

b) What is the probability of online service with high quality and medium price

c) What is the expected average quality? What is the expected average price?

d) What is the correlation between quality and price? Does the correlation make sense to you? What correlation did you expect?

Bivariate Probability Distribution

		X
		1	2	3
Y	1	10	12	20
	2	5	12	41

X=	Quality	1= low	2=Medium	3=high
Y=	Price	1=Low	2=Medium

Related Book For answer-question

Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated

ISBN: 9780132924962

2nd Edition

Authors: Judith Skuce

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Posted Date: Mar 01, 2023 03:28 AM

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Build a joint probability table based on this dataset b) What is the probability of online service

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a For the joint probability distribution we divide each of the 6 frequencies here with the total f... View the full answer

Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated

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