To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1010 married adults age 25 and older with household incomes of $50,000 or more (Money Magazine website, December 14, 2014). Consider the following example set of responses to the question, “Who is better at getting deals?” Who Is Better? Respondent I Am My Spouse We Are Equal Husband 278 127 102 Wife 290 111 102 1. Given that the respondent is a wife, what is the probability that she feels she is better at getting deals than her husband? 2. Given a response “My spouse” is better at getting deals, what is the probability that the response came from a husband? 3. Given a response “We are equal,” what is the probability that the response came from a husband? What is the probability that the response came from a wife?
To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1010 married adults age 25 and older with household incomes of $50,000 or more (Money Magazine website, December 14, 2014). Consider the following example set of responses to the question, “Who is better at getting deals?”
Who Is Better?
Respondent I Am My Spouse We Are Equal
Husband 278 127 102
Wife 290 111 102
1. Given that the respondent is a wife, what is the
at getting deals than her husband?
2. Given a response “My spouse” is better at getting deals, what is the probability that
the response came from a husband?
3. Given a response “We are equal,” what is the probability that the response came from
a husband? What is the probability that the response came from a wife?
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