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Develop a joint probability table

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Reference no: EM132618788

A travel agency is offering a special promotion for a 6-day holiday in Costa Rica. They decided to do direct selling via phone to 400 families. The responses from the families are as follows:

Income less than 60K Income greater than 60K

Booked the holiday 40 30

Did not book the holiday 210 120

a) Develop a joint probability table and show the marginal probabilities

b) What is the probability of a family whose income exceeds $60K and DID NOT book the holiday?

c) If the family income is less than $60K, what is the probability that the holiday will be booked?

d) If the holiday is booked, what is the probability that income exceeds $60K?

Reference no: EM132618788

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