A national survey indicated that 25% of adults conduct their banking online. It also found that 35% are under the age of 50, and that 22% are under the age of 50 and conduct their banking online. What percentage of adults do not conduct their banking online?
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A national survey indicated that 25% of adults conduct their banking online. It also found that 35% are under the age of 50, and that 22% are under the age of 50 and conduct their banking online.
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What percentage of adults do not conduct their banking online?
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What type of probability is the 22% mentioned above? Just write down the name of the probability.
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Construct a joint probability table showing all joint and marginal probabilities.
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What is the probability that an individual conducts banking online given that the individual is under the age of 50?
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Are Banking Online and Age independent? Explain.
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Given,
25% of adults conduct their banking online, 35% are under the age of 50 and 22% are under the age of 50 and conduct their banking online.
Let A, B denote the event that the adult conducts their banking online and are under the age of 50 respectively.
So,
P(A) = 0.25 ; P(B) = 0.35 and
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