The table below provides summary information about the types of payments received from customers and the...
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The table below provides summary information about the types of payments received from customers and the customer's age group (in years). Payment method Cash Credit Card Debit Card Other Total Age group s 40 years 10 45 23 5 83 > 40 years 56 34 12 15 117 Total 66 79 35 20 200 a) What is the probability that a customer paid by credit card? b) What is the probability that a customer paid by credit card, given they are greater than 40 years old? c) Are the events "credit card" and "greater than 40 years", mutually exclusive? Briefly explain using probability. The table below provides summary information about the types of payments received from customers and the customer's age group (in years). Payment method Cash Credit Card Debit Card Other Total Age group s 40 years 10 45 23 5 83 > 40 years 56 34 12 15 117 Total 66 79 35 20 200 a) What is the probability that a customer paid by credit card? b) What is the probability that a customer paid by credit card, given they are greater than 40 years old? c) Are the events "credit card" and "greater than 40 years", mutually exclusive? Briefly explain using probability.
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a To calculate the probability that a customer paid by credit card we need to divide the number of c... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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