At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
Using the probability table, it is found that:
a) There is a 0.25 = 25% probability that this couple spends 45 dollars or more.
b) The expected amount the couple actually has to pay is $36.85.
From the table, the probabilities of each total cost are:
[tex]P(X = 30) = P(X = 15|Y = 15) = 0.2[/tex]
[tex]P(X = 35) = P(X = 15|Y = 20) + P(X = 20|Y = 15) = 0.15 + 0.15 = 0.3[/tex]
[tex]P(X = 40) = P(X = 15|Y = 25) + P(X = 20|Y = 20) + P(X = 25|Y = 15) = 0.05 + 0.15 + 0.05 = 0.25[/tex]
[tex]P(X = 45) = P(X = 20|Y = 25) + P(X = 25|Y = 20) = 0.1 + 0.1 = 0.2[/tex]
[tex]P(X = 50) = P(X = 25|Y = 25) = 0.05[/tex]
Item a:
This probability is:
[tex]P(X \geq 45) = P(X = 45) + P(X = 50) = 0.2 + 0.05 = 0.25[/tex]
There is a 0.25 = 25% probability that this couple spends 45 dollars or more.
Item b:
The expected value is the sum of each outcome multiplied by it's respective probability.
- For X = 45 and X = 50, the value is multiplied by 0.9, due to the discount.
Hence:
[tex]E(X) = 0.2(30) + 0.3(35) + 0.25(40) + 0.9[0.2(45) + 0.05(50)] = 36.85[/tex]
The expected amount the couple actually has to pay is $36.85.
A similar problem is given at https://brainly.com/question/24855677
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
