Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers revealed the results in the accompanying table. a. If a respondent selected is a member of Generation X, what is the probability that he or she pays the full amount each month? b. If a respondent selected is a Boomer, what is the probability that he or she pays the full amount each month? c. Is payment each month independent of generation? A Click the icon to view the table. Data table GENERATION PAY FULL AMOUNT EACH MONTH Yes a. If a respondent selected is a member of Generation X, what is the probability that he or she pays the full amount each month? Generation X Вooтers Total 470 640 (Round to three decimal places as needed.) No Total 1,110 890 530 1,000 360 1,000 b. If a respondent selected is a Boomer, what is the probability that he or she pays the full amount each month? 2,000 (Round to three decimal places as needed.) c. Is payment each month independent of generation? Print Done O A. Payment is not independent of generation because the probability of paying in full does not depend on the respondent's g O B. Payment is independent of generation because the probability of paying in full does not depend on the respondent's generaor O C. Payment is not independent igeneration because the probability of paying in full depends on the resporidenit's generation. Next Help me solve this View an example Get more help - 922 AM 45°F P'Type here to search 144 ese & 24 4 7. %23 6. T. Y. E tab G caps lock V

A survey of 200 college graduates who have been working for at least three years found that 85 owned only mutual funds, 35 owned only stocks, and 80 owned both. a. What is the probability that an individual owns a stock? A mutual fund? b. What is the probability that an individual owns neither any stocks nor mutual funds? c. What is the probability that an individual owns a stock, a mutual fund, or both? a. The probability that an individual owns a stock is (Round to two decimal places as needed.) Enter your answer in the answer box and then click Check Answer ls Check Answer parts remaining Clear All This course (SummerA-QMB3200-U03A ApplicationofQuantitativeMethodsinBusiness) is based on Evans: Business Analytics: Methods, Models, and Decisions, 3e or anything Prsc F9 F10

Assume that about 45% of all U.S. adults try to pad their insurance claims. Suppose that you are the director of an insurance adjustment office. Your office has just received 140 insurance claims to be processed in the next few days. What is the probability that from 54 to 58 of the claims have been padded?

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