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A joint survey by Parade magazine and Yahoo!

found that 59%


of American workers say that if they could do it all over again,
they would choose a different career (USA Today, September
24, 2012). The survey also found that 33% of American workers
say they plan to retire early and 67% say they plan to wait and
retire at age 65 or older. Assume that the following joint
probability table applies. Excel File: data04-37.xls Retire Early
Yes Career Same Different a. What is the probability a worker
would select the same career (to 2 decimals)? b. What is the
probability a worker who would select the same career plans to
retire early (to 4 decimals)? c. What is the probability a worker
who would select a different career plans to retire early (to 4
decimals)? d. What do the conditional probabilities in parts (b)
and (c) suggest about the reasons workers say they would select
the same career? Select

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 290 102 Round your answers to four decimal places, if
necessary. a. Develop a joint probability table and use it to
answer the following questions. Respondent I am My spouse We
are equal Total Husband 0.2753 0.1257 0.1010 0.5019 Wife
0.2871 0.1099 0.1010 0.4979 Total 0.5624 0.2356 0.2020 b.
Constract the marginal probabilities for Who Is Better (1 Am,
My Spouse, We Are Equal). Comment P(I) = P(S) - and P(E) -
Select " is the most likely response. c. Given that the respondent
is a husband, what is the probability that he feels he is better at
getting deals than his wife? d. Given that the respondent is a
wife, what is the probability that she feels she is better at
getting deals than her husband? A ndx ENG 1:29 PM

Total 0.5624 0.2356 0.2020 b. Constract the marginal


probabilities for Who Is Better (1 Am, My Spouse, We Are
Equal). Comment. P(I) = P(S) = and P(E) = Select is the most
likely response. c. Given that the respondent is a husband, what
is the probability that he feels he is better at getting deals than
his wife? d. Given that the respondent is a wife, what is the
probability that she feels she is better at getting deals than her
husband? e. Given a response "My spouse' is better at getting
deals, what is the probability that the response came from a
husband? f. 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?

In February, the Pew Internet & American life project conducted


a survey that included several questions about how Internet
users feel about search engines and other websites collecting
Information about them and using this information either to
shape search results or target advertising to them. In one
question, participants were asked, "If a search engine kept track
of what you search for, and then used that information to
personalize your future search results, how would you feel about
that? Respondents could indicate either "Would not be okay
with it because you feel it is an invasion of your privacy" or
"Would be okay with it, even if it means they are gathering
Information about you." Probabilities of responses by age group
are summarized in the following table. Age Not Okay Okay 18 -
29 0.1492 0.0614 30 - 49 0.2285 0.0911 50+ 0.4007 0.0691
Round your answers to four decimal places. a. What is the
probability a survey respondent will say she or he is not okay
with this practice? 0.7784 b. Glven a respondent is 30 - 49 years
old, what is the probability the respondent will say she or he is
okay with this practice? 0.2850 c. Given a respondent says she
or he is not okay with the practice, what is the probability the
respondent is 50+ years old? d. Is the attitude about this
practice independent of the age of the respondent? Why or why
not? The probability that a respondent is 30 - 49, given that she
or he is okay with the practice is A . The probability that a
respondent is okay is . Since the numbers - Select your answer
equal the events are said to be - Select your answer - vl. e. Do
attitudes toward this practice for respondents who are 18-29
years old and respondents who are 50+ years old differ? - Select
your answer , because the probability that a respondent is not
okay with the practice given that he or she is 18 - 29 is and the
probability that a respondent is okay with the practice given that
he or she is not 50+ is

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