Question: Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers answer the question Do

Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers answer the question "Do you pay the full amount of your credit card each month (yes or no)?

Pay full amount each month?

Gen X

Boomers

Total

Yes

440

630

1070

560

370

930

Total

1000

2000

a. What is probability that the person is Generation XORpays the full amount each month?Write down the appropriate formula and solve.

b.Given thata selected respondent is a Boomer, what is the probability that the person pays the full amount each month? Write down the appropriate formula and solve.

Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers answer the question \"Do you pay the full amount of your credit card each month (yes or no)? Pay full Gen amount X Boomers Total each month? Yes 440 630 1070 No 560 370 930 Total 1000 1000 2000 a. What is probability that the person is Generation X E pays the full amount each month? Write down the appropriate formula and solve. b. Given that a selected respondent is a Boomer, what is the probability that the person pays the full amount each month? Write down the appropriate formula and solve

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