Through a Telephone Survey,a Low-Interest Bank Credit Card Is Offered

question 46

Essay

Through a telephone survey,a low-interest bank credit card is offered to 400 households.The responses are as tabled.

a.Develop a joint probability table and show the marginal probabilities..
b.What is the probability of a household whose income exceeds $40,000 and who rejects the offer?
c.If income is < $40,000,what is the probability the offer will be accepted?
d.If the offer is accepted,what is the probability that income exceeds $40,000?

Determine the effects of price changes on quantity demanded.

Understand the basic concepts and effects of hypnosis, including its real and demonstrable effects.

Recognize the characteristics and significance of different sleep stages, including REM sleep.

Identify the physiological and psychological responses during various states of consciousness, including sleep and hypnosis.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country, often for personal, economic, or safety reasons.

Gulf Oil Spill

Environmental disaster that occurred in 2010 after an explosion on the Deepwater Horizon oil rig. Hundreds of millions of gallons of oil were spilled into the Gulf of Mexico, resulting in one of the largest environmental calamities in human history.

Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Department Of Homeland Security

A federal agency in the United States created in the wake of the September 11 attacks to coordinate national efforts in safeguarding the country against terrorism and responding to natural disasters.