Question

A telephone survey conducted in Bowie on a low-interest bank credit card that was offered to 400 households. The responses are as tabled.

Income  $60,000	Income > $60,000
Accept offer	40	30
Reject offer	210	120

a) Develop a joint probability table and show the marginal probabilities. (1 points)

b) What is the probability of a household whose income exceeds $60,000 and who rejects the offer? (2 points)

C) If income is  $60,000, what is the probability the offer will be accepted? (2 points)

d) If the offer is accepted, what is the probability that income exceeds $60,000? (2 points)

Answer 1