BuyFind*arrow_forward*

13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Chapter 4.3, Problem 28E

Textbook Problem

1259 views

A survey of magazine subscribers showed that 45.8% rented a car during the past 12 months for business reasons, 54% rented a car during the past 12 months for personal reasons, and 30% rented a car during the past 12 months for both business and personal reasons.

- a. What is the probability that a subscriber rented a car during the past 12 months for business or personal reasons?
- b. What is the probability that a subscriber did not rent a car during the past 12 months for either business or personal reasons?

**a.**

To determine

Compute the probability that a subscriber rented a car during the past 12 months for business or personal reasons.

**Calculation:**

The given information is about there is about 45.8% rented a car during the past 12 months for business reasons, 54% rented a car during the past 12 months for personal reasons and 30% rented a car during the past 12 months for business and personal reasons.

*The Addition Law:*

For any two events *A* and *B* then the addition law is given by,

Event *A* denotes that rented a car during the past 12 months for business reasons, *B* denote that rented a car during the past 12 months for personal reasons.

Here,

**b.**

To determine

Compute the probability that a subscriber did not rent a car during the past 12 months for business or personal reasons.

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Show all chapter solutions

Ch. 4.1 - An experiment has three steps with three outcomes...Ch. 4.1 - How many ways can three items be selected from a...Ch. 4.1 - How many permutations of three items can be...Ch. 4.1 - Consider the experiment of tossing a coin three...Ch. 4.1 - Suppose an experiment has five equally likely...Ch. 4.1 - An experiment with three outcomes has been...Ch. 4.1 - A decision maker subjectively assigned the...Ch. 4.1 - In the city of Milford, applications for zoning...Ch. 4.1 - Simple random sampling uses a sample of size n...Ch. 4.1 - The following table shows the percentage of...

Ch. 4.1 - The National Occupant Protection Use Survey...Ch. 4.1 - The Powerball lottery is played twice each week in...Ch. 4.1 - A company that manufactures toothpaste is studying...Ch. 4.2 - An experiment has four equally likely outcomes:...Ch. 4.2 - Consider the experiment of selecting a playing...Ch. 4.2 - Consider the experiment of rolling a pair of dice....Ch. 4.2 - Refer to the KPL sample points and sample point...Ch. 4.2 - Fortune magazine publishes an annual list of the...Ch. 4.2 - Do you think global warming will have an impact on...Ch. 4.2 - Junior Achievement USA and the Allstate Foundation...Ch. 4.2 - Data on U.S. work-related fatalities by cause...Ch. 4.3 - Suppose that we have a sample space with five...Ch. 4.3 - Suppose that we have a sample space S = {E1, E2,...Ch. 4.3 - Clarkson University surveyed alumni to learn more...Ch. 4.3 - The Eco Pulse survey from the marketing...Ch. 4.3 - Information about mutual funds provided by...Ch. 4.3 - What NCAA college basketball conferences have the...Ch. 4.3 - A survey of magazine subscribers showed that 45.8%...Ch. 4.3 - High school seniors with strong academic records...Ch. 4.4 - Suppose that we have two events, A and B, with...Ch. 4.4 - Assume that we have two events, A and B, that are...Ch. 4.4 - The automobile industry sold 657,000 vehicles in...Ch. 4.4 - Students taking the Graduate Management Admissions...Ch. 4.4 - The bureau of Transportation Statistics reports...Ch. 4.4 - To better understand how husbands and wives feel...Ch. 4.4 - Jamal Crawford of the National Basketball...Ch. 4.4 - A joint survey by Parade magazine and Yahoo! found...Ch. 4.4 - The Institute for Higher Education Policy, a...Ch. 4.5 - The prior probabilities for events A1 and A2 are...Ch. 4.5 - The prior probabilities for events A1, A2, and A3...Ch. 4.5 - A consulting firm submitted a bid for a large...Ch. 4.5 - A local bank reviewed its credit card policy with...Ch. 4.5 - In August 2012, tropical storm Isaac formed in the...Ch. 4.5 - ParFore created a website to market golf equipment...Ch. 4.5 - The percentage of adult users of the Internet who...Ch. 4 - A survey of adults aged 18 and older conducted by...Ch. 4 - A financial manager made two new investmentsone in...Ch. 4 - Forty-three percent of Americans use social media...Ch. 4 - A study of 31,000 hospital admissions in New York...Ch. 4 - A telephone survey to determine viewer response to...Ch. 4 - The U.S. Census Bureau serves as the leading...Ch. 4 - An MBA new-matriculants survey provided the...Ch. 4 - Refer again to the data from the MBA...Ch. 4 - In February 2012, the Pew Internet American Life...Ch. 4 - A large consumer goods company ran a television...Ch. 4 - Cooper Realty is a small real estate company...Ch. 4 - A company studied the number of lost-time...Ch. 4 - According to the Open Doors Report, 9.5% of all...Ch. 4 - An oil company purchased an option on land in...Ch. 4 - The five most common words appearing in spam...

Find more solutions based on key concepts

Show solutions Why is productivity important?

Principles of Economics (MindTap Course List)

Holding other things constant, an increase in a nations interest rate reduces a. national saving and domestic i...

Principles of Macroeconomics (MindTap Course List)

(Consumer Surplus) Suppose supply of a good is perfectly elastic at a price of $5.The market demand curve for t...

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run trade...

Principles of Microeconomics (MindTap Course List)

What are the primary responsibilities of the Federal Reserve? If the Fed wants to increase the supply of money,...

Brief Principles of Macroeconomics (MindTap Course List)

A study of the relationship between age and various visual functions (such as acuity and depth perception) repo...

Probability and Statistics for Engineering and the Sciences

Transactions for petty cash, cash short and over Cedar Springs Company completed the following selected transac...

Financial & Managerial Accounting

FREE CASH FLOW Arlington Corporations financial statements (dollars and shares are in millions) are provided he...

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

How can the government encourage the ethical behavior of organizations?

Foundations of Business (MindTap Course List)

Distinguish among preventive, detective, and corrective control plans.

Accounting Information Systems

If a companys beta were to double, would its required return also double?

Fundamentals of Financial Management (MindTap Course List)

YIELD CURVES Suppose the inflation rate is expected to be 7% next year, 5% the following year, and 3% thereafte...

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

ProblemB Entries for and Financial Statement Presentation of a Note Griddley Company borrowed $200,000 from the...

Cornerstones of Financial Accounting

Defined benefit pension plan terms In a recent years financial statements, Procter Gamble showed an unfunded p...

Corporate Financial Accounting

Demonstrating Your Growing Value to the Organization: Your boss has paid your tuition for this course. As you c...

Essentials of Business Communication (MindTap Course List)

Turning Points on the Road to Management Step 1 Interview manager whom you know at your university or place of ...

Management, Loose-Leaf Version

Assets are items that are owned by the business and are expected to provide future benefits.

College Accounting, Chapters 1-27

Antolini Enterprises produces mens sports coats that are sold by popular department stores. Each retail order i...

Financial And Managerial Accounting

For the fiscal year, sales were 191,350,000 and the cost of merchandise sold was 114,800,000. a. What was the a...

Financial Accounting

Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run trade...

Essentials of Economics (MindTap Course List)

Describe the external environment facing global marketers

MKTG 12:STUDENT ED.-TEXT

Differentiate the six categories of marketing.

Contemporary Marketing

Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Companys projected profit for the coming y...

Managerial Accounting: The Cornerstone of Business Decision-Making

What are some of the more common uses of data codes in accounting information systems?

Accounting Information Systems

Which of the following statements is false? a. R. Flores, Capital is increased with a credit. b. Prepaid Insura...

College Accounting (Book Only): A Career Approach

Explain the dollar-value LIFO method of inventory valuation.

Intermediate Accounting: Reporting And Analysis

Recording standards in accounts "The Assembly Department produced 5,000 units of product during March. Each uni...

Financial & Managerial Accounting

Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository after banking hou...

Financial Accounting

Water is necessary for life. Is the marginal benefit of a glass of water large or small?

Principles of Macroeconomics (MindTap Course List)

Which one of each of the following pairs of assets is most liquid? a. Microsoft stock or a traveler's check b. ...

Exploring Economics

The account balances of Bryan Company as of June 30, the end of the current fiscal year, are as follows: Requir...

College Accounting (Book Only): A Career Approach

Using the work sheet provided in Checkpoint Exercise 1, prepare closing entries in general journal form.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

Break-even analysis Somerset Inc. has finished a new video game, Snowboard Challenge. Management is now conside...

Accounting (Text Only)

If a companys beta were to double, would its required return also double?

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Describe situations in your daily activities, working or not, where you have experienced or employed controls d...

Pkg Acc Infor Systems MS VISIO CD

If you buy a callable bond and interest rates decline, will the value of your bond rise by as much as it would ...

Fundamentals of Financial Management (MindTap Course List)

Suppose the income elasticity of demand for furniture is 3.0 and the income elasticity of demand for physician ...

Economics For Today

Under what condition might persons buy more thing than the efficient amount for them to buy?

Economics (MindTap Course List)

Do government officials analyze data to determine what their country can produce at a comparative advantage?

Macroeconomics

Is accounting profit or economic profit larger? Why?

Microeconomics

What behavioral problems are associated with setting a budget too loosely?

Survey of Accounting (Accounting I)

If the effect of the debit portion of an adjusting entry is to increase the balance of an asset account, which ...

Corporate Financial Accounting

Consider the sports ratings model in section 7.6. If you were going to use the approach used there to forecast ...

Practical Management Science

Discuss the benefits to a buying company of certifying its suppliers. Describe the benefits to a supplier of be...

Purchasing and Supply Chain Management

Moisa Evans is a maitre d at Red Rock Club. On September 6, his gross pay was 900 (three days working, one paid...

PAYROLL ACCT.,2019 ED.(LL)-TEXT

Big Mikes, a large hardware store, has gathered data on its overhead activities and associated costs for the pa...

Cornerstones of Cost Management (Cornerstones Series)

Most children and adults are able to learn the meaning of new words by· listening to sentences in which the wor...

Statistics for The Behavioral Sciences (MindTap Course List)

Critical Thinking Consider the following events for a driver selected at random from the general population: A ...

Understanding Basic Statistics

For the events described in the previous exercise, shade the region in the Venn diagram corresponding to each o...

Introduction To Statistics And Data Analysis

A normal distribution has a mean of = 54 and standard deviation of = 6. What is the probability of randomly s...

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Identify the four phases that make up an ABAB (reversal) design, and describe how the participant’s behavior is...

Research Methods for the Behavioral Sciences (MindTap Course List)

46. Phone calls arrive at the rate of 48 per hour at the reservation desk for Regional Airways.
Compute the pro...

Essentials Of Statistics For Business & Economics

What are the five steps of the scientific method?

Research Methods for the Behavioral Sciences (MindTap Course List)

SOC/CJ A survey shows that 10 of the population is victimized by property crime each year. A random sample of 5...

Essentials Of Statistics

In Exercises 3148, (a) factor the given expression, and (b) set the expression equal to zero and solve for the ...

Applied Calculus

A polygon with four sides is called quadrilateral. Consider the figure and the dashed auxiliary line. What is t...

Elementary Geometry for College Students

Show that the curves y = ex and y = ex touch the curve y = ex sin x at its inflection points.

Single Variable Calculus: Early Transcendentals, Volume I

Use the rules for multiplication and/or division of measurements to evaluate: (4.7)(0.0281A)

Elementary Technical Mathematics

Concessions A concessionaire at a football game pays a vendor 40 per game for selling hot dogs at 2.50 each. a....

College Algebra (MindTap Course List)

The Crossing-Graphs Method In Exercise S-5 through S-16, use the crossing-graphs method to solve the given equa...

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

Why is there no base one?

Mathematics: A Practical Odyssey

BOSTON WEATHER The relative humidity, in percent, in the morning for the months of January through December in ...

Finite Mathematics for the Managerial, Life, and Social Sciences

HOW DO YOU SEE IT? Use the graph of f shown in the figure to answer the following. (a) Approximate the slope of...

Calculus (MindTap Course List)

In exercises 34-45, use your calculator value of unless otherwise stated. Round answers to two decimal places....

Elementary Geometry For College Students, 7e

15. Assume that are in and with and invertible. Solve for.

Elements Of Modern Algebra

Use polar coordinates to evaluate 039x29x2(x3+xy2)dydx

Calculus (MindTap Course List)

Nonlinear Inequalities Solve the nonlinear inequality. Express the solution using interval notation and graph t...

Precalculus: Mathematics for Calculus (Standalone Book)

In Exercises 6372, evaluate the expression. 63. |6 + 2|

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Evaluating a Triple Iterated Integral In Exercises 3-10, evaluate the triple iterated integral. 141e201/xzlnzdy...

Multivariable Calculus

CONCEPT CHECK Change of Variables In your own words, summarize the guidelines for making a change of variables ...

Calculus of a Single Variable

Convert the expressions in Exercises 6584 to power form. 3x25472x3

Finite Mathematics

Use a calculator to find the following. Round your answers to four decimal places. sin(120)

Trigonometry (MindTap Course List)

For the following numbers, perform the indicated operation. Give the result in decimal form. 565.80922434

Contemporary Mathematics for Business & Consumers

29. Find what value of c is the function
a probability density function.

Mathematical Applications for the Management, Life, and Social Sciences

For Problems 37-46, solve each equation for the indicated variable. Objective 2 5x-6y=12 for x

Intermediate Algebra

Expand each expression in Exercises 122. (3x+1)2

Finite Mathematics and Applied Calculus (MindTap Course List)

Finding Limits In Exercises 93-110, find the limit (if it exists). limx38

Calculus: An Applied Approach (MindTap Course List)

Find and sketch the domain of the function. 15. f(x, y) = ln(9 x2 9y2)

Calculus: Early Transcendentals

Make a substitution to express the integrand as a rational function and then evaluate the integral. 44. dx(1+x)...

Single Variable Calculus

Verifying a Reduction Formula In Exercises 79-82, use integration by parts to verify the reduction formula. (A ...

Calculus: Early Transcendental Functions

Determine whether the statement is true or false. If it is true, explain why. If it is false, explain why or gi...

Multivariable Calculus

limx(lnx)1/x= a) 0 b) 1 c) e d)

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Find the volume of the described solid S. The base of S is the region enclosed by the parabola y = 1 x2 and th...

Single Variable Calculus: Early Transcendentals

Solve these exercises. A plastic products manufacturer produces plastic container covers in the shape of hemisp...

Mathematics For Machine Technology

For each of the following exercises, assume that a gambler playing keno has randomly chosen 4 numbers. In how m...

Mathematical Excursions (MindTap Course List)

Representing a Surface Parametrically In Exercises 17-26, find a vector-valued function whose graph is the indi...

Calculus: Early Transcendental Functions (MindTap Course List)

In 29—47, design a finite-state automaton to accept the language defined by the regular expression in the refer...

Discrete Mathematics With Applications

is a(n):
ellipsoid
elliptic cone
elliptic paraboloid
elliptic cylinder

Study Guide for Stewart's Multivariable Calculus, 8th

Mails conducted a study on the effect that playing video games has on memory recall. As part of her study, she ...

Introductory Statistics

Consistency of Running Times. The following times were recorded by the quarter- mile and mile runners of a univ...

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

In Problem 35 determine the equation of motion if the external force is f(t) = et sin 4t. Analyze the displacem...

A First Course in Differential Equations with Modeling Applications (MindTap Course List)

Determining Solution Points In Exercises 7-14, determine whether each point lies on the graph of the equation. ...

College Algebra

Evaluate the following functional values. 123. cos(43)

Calculus Volume 1