In: Statistics and Probability
The frequency distribution below shows the monthly expenditure on gasoline for a sample of 14 individuals.
Expenditure |
Frequency |
55 - 59 |
2 |
60 - 64 |
3 |
65 - 69 |
4 |
70 - 74 |
3 |
75 - 79 |
2 |
#1a). Compute the coefficient of variation.
#1b) The prior probabilities for events A1 and A2 are P (A1) = .40 and P (A2) = .60. It is also known that P (A1 n A2) = 0. Suppose P (B | A1) = .20 and P (B | A2) = .05.
#1bi). Are A1 and A2 mutually exclusive? Explain?
#1bii). Compute P(A1 n B) and P(A2 n B)
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