A Table of Joint Probabilities Is Shown Below Calculate P $A _ { 1 }$

question 100

Essay

A table of joint probabilities is shown below. $$\begin{array} { | c | c | c | c | } \hline & A _ { 1 } & A _ { 2 } & A _ { 3 } \\\hline B _ { 1 } & 0.15 & 0.25 & 0.20 \\\hline B _ { 2 } & 0.10 & 0.15 & 0.15 \\\hline\end{array}$$ Calculate P( $A _ { 1 }$ | $B _ { 1 }$ ).

---

Definitions:

APS

The ratio of savings to income, indicating the proportion of income that is saved rather than spent.

Disposable Income

Spending and saving financial pools available to households subsequent to the application of income taxes.

APC

Acronym generally referring to the Average Propensity to Consume, which is the fraction of income spent on consumption.

Disposable Income

The fiscal potential for households to undertake spending and saving after income tax considerations.