MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Through a telephone survey , a low interest bank credit card is offered to 400 households. The response are as follows :  
Income less or equal to 50,000  Income>50,000
Accept offer 40.     30 

reject offer    210.   120 

a. Develop a joint probability table and show the marginal probabilities 

b. What is the probability of a household whose income exceeds 50,000 and who rejects the offer? 
c. If income is equal or less 50,000 what is the probability the offer will be accepted? 
d. If the offer is accepted, what is the probability that income exceeds 50,000? 

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