A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online. A. What is the probability that an individual conducts banking online given that the individual is under the age of 50? B. Are Banking Online and Age independent? Explain.
A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online. A. What is the probability that an individual conducts banking online given that the individual is under the age of 50? B. Are Banking Online and Age independent? Explain.
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 5DQ
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- A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online.
A. What is the probability that an individual conducts banking online given that the individual is under the age of 50?
B. Are Banking Online and Age independent? Explain.
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