Assume Two Events a and B Are Mutually Exclusive And $\cap$

question 75

Short Answer

Assume two events A and B are mutually exclusive and, furthermore, P(A) = 0.2 and P(B) = 0.4.
a.Find P(A $\cap$ B).
b.Find P(A $\cup$ B).
c.Find P(A|B).

Recognize the calculation method for the Spearman rank correlation coefficient.

Distinguish when Spearman and Pearson correlation coefficients provide the same value.

Identify the characteristics of a strong decreasing linear relationship as indicated by the Spearman rank-correlation coefficient.

Apply Spearman rank correlation coefficient in practical scenarios involving ordinal data.

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Definitions:

Credit Card

A plastic card issued by banks or financial institutions allowing the holder to borrow funds at the point of sale, which they then pay back at a later date.

Non-necessary Purchases

Expenditures on items or services that are not essential for basic living or business operations.

Minors

Individuals under the legal age of adulthood, typically under 18 years old, who have limited legal rights and responsibilities.

Contract

A legal agreement between parties that creates mutual obligations enforceable by law.