Probability that lifeline electricity usage is exceeded
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A utility company offers a lifeline rate to any household whose electricity usage falls below 240 kWh during a particular month. Let A denote the event that a randomly selected household in a certain community does not exceed the lifeline usage during January, and let B be the analogous event for the month of July (A and B refer to the same household). Suppose P(A) = .8, P(B) = .7, and P(A union B) = .9.
Compute the following:
a. P(A intersects B).
b. The probability that the lifeline usage amount is exceeded in exactly one of the two months. Describe this event in terms of A and B.
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The probability that lifeline electricity usage is exceeded is determined.
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Statistic's Class Question
A utility company offers a lifeline rate to any household whose electricity usage falls below 240 kWh during a particular month. Let A denote the event that a randomly selected household in a certain ...
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