Solution-A super market analysed its most recent sales and

A super market analysed its most recent sales and

Assignment Help Basic Statistics

Reference no: EM13582041

A super market analysed its most recent sales and determined the relationship between the way a customer paid for the item and the price category of the item. The joint probabilities in the following table were calculated.

Size of purchase	Method of payment
Size of purchase	Cash	Credit card	Debit card
Under $20	0.23	0.03	0.04
$20-$100	0.05	0.21	0.09
Over $100	0.02	0.23	0.10

(a) Find the probability that a credit card purchase was over $100.

(b) Determine the proportion of purchase made by credit and debit cards.

(d) Are the event 'payment by cash' and 'purchase of under $20' independent? Explain.

Reference no: EM13582041

Questions Cloud

Note that the investor can place all of his available funds : consider an investor with 10000 available to invest. he has the following options regarding the allocationof his

A statistical analysis of 1000 long-distance telephone : question 1 when a customer places an order with office works a computerised accounting information system ais

Stine company uses a job order cost system on may 1 the : stine company uses a job order cost system. on may 1 the company has a balance in work in process inventory of 3980 and

Write a sentence stating the optimal solution for each of : a buyer for a large department store chain must place orders with an athletic shoe manufacturer six months prior to the

A super market analysed its most recent sales and : a super market analysed its most recent sales and determined the relationship between the way a customer paid for the

Modern vacuum pumps make it easy to attain pressures of the : modern vacuum pumps make it easy to attain pressures of the order of 10?13atm in the laboratory.part aat a pressure of

Because of the complexity of establishing a bad debt : because of the complexity of establishing a bad debt provision do you think that smaller companies should be allowed to

Assuming that the plan is nondiscriminatory how must must : the lmn partnership has a group term life insurance plan. each partner has 150000 of protection and each employee has a

The rate of earnings is 10 and the cash to be received in : the rate of earnings is 10 and the cash to be received in four years is 42936.00. determine the present value amount

User Account

All Pages

A super market analysed its most recent sales and

Reference no: EM13582041

Reference no: EM13582041

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT