# To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll

## Question:

a. Develop a joint probability table and use it to answer the following questions.

b. Construct the marginal probabilities for Who Is better (I Am, My Spouse, We Are Equal). Comment.

c. Given that the respondent is a husband, what is the probability that he feels he is better at getting deals than his wife?

d. Given that the respondent is a wife, what is the probability that she feels she is better at getting deals than her husband?

e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband?

f. Given a response "We are equal," what is the probability that the response came from a husband? What is the probability that the response came from a wife?

## Step by Step Answer:

**Related Book For**

## Statistics For Business & Economics

**ISBN:** 9781305585317

13th Edition

**Authors:** David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran