Question

1. The federal and provincial governments have created programs with various incentives to encourage homeowners to renovate – thereby pouring money into the economy through demand for labour and goods. Four different programs were initiated over the past year, each with differing incentives (e.g., tax renovations credit, energy upgrades). A random household survey was conducted in Ontario to gauge how many households have taken advantage of these programs. Below is a frequency distribution of the percentage of use by individuals of the four programs?

Program	0	1	2	3	4
Probability	0.025	0.025	0.45	0.20	0.30

a) What is the probability that individuals used programs 3 or 4? What percentage of individuals out of the total used these two programs?

b) What was the most frequently used program?

c) If in total, 45,071 individuals accessed the four different programs, how many individuals used each type of program?

d) You have been provided further information as follows: program 1 provided an individual grant of $15,000; program 2 a subsidy of $5,000; program 3 a grant of $16,000 and; program 4 a grant of $2,000. What is the cost to the federal government associated with each type of program?

Please give your logic and reasoning behind each with calculation.

Answer 1

if you have any doubt in any option plz comment tha