A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Use the following information to answer the exercise: A recent poll concerning credit cards
found that 35 percent of respondents use a credit card that gives them a mile of air travel for
every dollar they charge. Thirty percent of the respondents charge more than $2,000 per
month. Of those respondents who charge more than $2,000, 80 percent use a credit card that
gives them a mile of air travel for every dollar they charge.
What is the probability that a randomly selected respondent will spend more than $2,000 AND
use a credit card that gives them a mile of air travel for every dollar they charge?
a. (0.30)(0.35)
b. (0.80)(0.35)
c. (0.80)(0.30)
d. (0.80)
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Transcribed Image Text:Use the following information to answer the exercise: A recent poll concerning credit cards found that 35 percent of respondents use a credit card that gives them a mile of air travel for every dollar they charge. Thirty percent of the respondents charge more than $2,000 per month. Of those respondents who charge more than $2,000, 80 percent use a credit card that gives them a mile of air travel for every dollar they charge. What is the probability that a randomly selected respondent will spend more than $2,000 AND use a credit card that gives them a mile of air travel for every dollar they charge? a. (0.30)(0.35) b. (0.80)(0.35) c. (0.80)(0.30) d. (0.80)
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