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

question 1

Essay

Through a telephone survey, a low-interest bank credit card is offered to 400 households. The responses are as follows.
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 < $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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Definitions:

Midbrain

The middle portion of the brainstem that plays a role in vision, hearing, motor control, sleep/wake, arousal (alertness), and temperature regulation.

Epithalamus

A portion of the diencephalon in the brain, involved in linking the limbic system to other parts of the brain and regulating hormones and circadian rhythms.

Habenula

The habenula is a small region in the brain involved in regulating sleep-wake cycles, reproductive behavior, and stress responses.

Pineal Gland

is a small endocrine gland in the brain involved in the production of melatonin, regulating sleep patterns.