5.362 households were surveyed. The findings are summarized in the following table.Have at least oneDo not have anymaxed-out credit cardmaxed-out credit cardsHomeowner9970Home renter11380a. What is the probability that a randomly selected household has at least one maxed-outcredit card? Consider only 3 decimals for your final answer. b. What is the probability that a randomly selected household owns their house? Consideronly 3 decimals for your final answer.c. Are the events that a household has at least one maxed-out credit card and they own theirhouse independent? Justify your answer.Note: in parts a. and b. probability is the same as proportion.

5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for vour final answer

5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for vour final answer

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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