Question

The table below shows a sample of the distribution of income per age group for clients...

The table below shows a sample of the distribution of income per age group for clients that have bought an iPad in 2019

Age

<$25,000

$25,000-50,000

>$50,000

<25 years old

5%

10%

4%

25-35 years old

5%

20%

12%

36-55 years old

7%

15%

9%

>55 years old

3%

5%

5%

8) P (Age between 25-55 OR income more than $50,000)

9) P (Age between 25-55 AND income more than $50,000)

10) P (Income less than $25,000 and age between 25-55 years old)

11) P (Age under 55 years and income less than $50,000)

Homework Answers

Answer #1

8)

Required probability = P(Age between 25-55 or income more than $50,000)

= P(Age between 25-55) + P(income more than $50,000) - P(Age between 25-55 and income more than $50,000)

9)

Required probability = P(Age between 25-55 AND income more than $50,000)

10)

Required probability = P(income less than $25,000 and age between 25-55 years old)

11)

Required probability = P(Age under 55 years and income less than $50,000)

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