Consumers are aware that companies share and sell their personal data in exchange for free services, but is it important to consumers to have a clear understanding of a company's privacy policy before signing up for its service online? According to an AxiosSurveyMonkey poll, 911 of 1,001 older adults (aged 65+) and 195 of 260 younger adults (aged 18-24) indicate that it is important to have a clear understanding of a company's privacy policy before signing up for its service online.
a. Suppose that the respondent chosen is an older adult. What is the probability that the respondent indicates that it is important to have a clear understanding of a company's privacy policy before signing up for its service online?
b. Suppose that the respondent chosen does indicate that it is important to have a clear understanding of a company's privacy policy before signing up for its service online. What is the probability that the respondent is a younger adult?
c. Are importance of a clear understanding and adult age independent? Explain.