Characteristics of buyers of hybrid honda civic ima

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Reference no: EM131819969

The accompanying data are from the article "Characteristics of Buyers of Hybrid Honda Civic IMA: Preferences, Decision Process, Vehicle Ownership, and Willingness-to-Pay" (Institute for Environmental Decisions, November 2006). Each of 311 people who purchased a Honda Civic was classified according to gender and whether the car purchased had a hybrid engine or not.

1449_Characteristics of Buyers of Hybrid Honda Civic IMA.png

Suppose one of these 311 individuals is to be selected at random.

a. Find the following probabilities: i. Psmaled

ii. Pshybrid d

iii.Pshybridumaled

iv. Pshybridu femaled

v. Ps femaleuhybrid d

b. For each of the probabilities calculated in Part (a), write a sentence interpreting the probability.

c. Are the probabilities Pshybridumaled and Psmaleuhybrid d equal? If not, write a sentence or two explaining the difference between these two probabilities.

Reference no: EM131819969

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