Table 3.10 Probabilities for Television Viewing and Income VIEWING FREQUENCY HICH INCOMЕ MIDDLE INCOME Low INCOME ТОTALS Regular 0.10 0.15 0.05 0.30 Occasional 0.10 0.20 0.10 0.40 Never 0.05 0.05 0.20 0.30 Totals 0.25 0.40 0.35 1.00

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterB: Indifference Curves
Section: Chapter Questions
Problem 1RQ: Exercise B1 What point is preferred along an indifference Curve?
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Refer to Table 3.10.

What is the joint probability of “middle income” and “never”?

Table 3.10 Probabilities for Television Viewing and Income
VIEWING FREQUENCY
HICH INCOMЕ
MIDDLE INCOME
Low INCOME
ТОTALS
Regular
0.10
0.15
0.05
0.30
Occasional
0.10
0.20
0.10
0.40
Never
0.05
0.05
0.20
0.30
Totals
0.25
0.40
0.35
1.00
Transcribed Image Text:Table 3.10 Probabilities for Television Viewing and Income VIEWING FREQUENCY HICH INCOMЕ MIDDLE INCOME Low INCOME ТОTALS Regular 0.10 0.15 0.05 0.30 Occasional 0.10 0.20 0.10 0.40 Never 0.05 0.05 0.20 0.30 Totals 0.25 0.40 0.35 1.00
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