calculating probability using classical probability model
Not what you're looking for?
I would like to have the response to the following problems in excel format so that I can see the formulas used.
Thank you
33. Real estate ads suggest that 64% of homes for sale have garages, 21% have swimming pools, and 17% have both features. What is the probability that a home for sale has:
a) A pool or a garage?
b) Neither a pool nor a garage?
c) A pool but nor garage?
64. Fifty-six percent of all American workers have a workplace retirement plan, 68% have health insurance, and 49% have both benefits. If we select a worker at random:
a) What's the probability that the worker has neither employer-sponsored health insurance nor a retirement plan?
b) What's the probability that the worker has health insurance if they have a retirement plan?
c) Are having health insurance and a retirement plan independent? Explain.
d) Are having the two benefits mutually exclusive? Explain.
Purchase this Solution
Solution Summary
The solution gives detailed steps on calculating probability using classical probability model.
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.