Solve for E, F, and G To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1,010 married adults age 25 and older with household incomes of $50,000 or more (Money website). Consider thefollowing example set of responses to the question, "Who is better at getting deals?"Who Is Better?RespondentI AmMy SpouseWe Are EqualHusband278127102Wife290111102Round your answers to four decimal places, if necessary.a. Develop a joint probability table and use it to answer the following questions.RespondentI amMy spouseWe are equalTotalHusband0.27520.12570.10090.5019Wife0.28710.10990.10090.4979Total0.56230.23560.2019b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Equal). Comment. e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband?f. Given a response "We are equal," what is the probability that the response came from a husband?What is the probability that the response came from a wife?

We have given that the joint probability table in part (a). The data taken from a national poll of…

e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband? f. Given a response "We are equal," what is the probability that the response came from a husband? What is the probability that the response came from a wife?

e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband? f. Given a response "We are equal," what is the probability that the response came from a husband? What is the probability that the response came from a wife?

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter12: Probability

Section12.2: Introduction To Probability

Problem 52E

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Question

Solve for E, F, and G

To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1,010 married adults age 25 and older with household incomes of $50,000 or more (Money website). Consider the
following example set of responses to the question, "Who is better at getting deals?"
Who Is Better?
Respondent
I Am
My Spouse
We Are Equal
Husband
278
127
102
Wife
290
111
102
Round your answers to four decimal places, if necessary.
a. Develop a joint probability table and use it to answer the following questions.
Respondent
I am
My spouse
We are equal
Total
Husband
0.2752
0.1257
0.1009
0.5019
Wife
0.2871
0.1099
0.1009
0.4979
Total
0.5623
0.2356
0.2019
b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Equal). Comment.

e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband?
f. Given a response "We are equal," what is the probability that the response came from a husband?
What is the probability that the response came from a wife?

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