(Solution) - Given the probabilities in Exercise 12 what is the probability -(2025 Original AI-Free Solution)

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Download Solution ($11.00) Write My Paper Afresh

Buy For $11.00

Paper Details

Given the probabilities in Exercise 12, what is the probability that a person is younger than 50 given that she uses online banking? Has the probability that she is younger than 50 increased or decreased with the additional information?
In Exercise 12
Suppose that the information in Exercise 10 had been presented in the following way. A national survey of bank customers finds that 40% are younger than 50. Of those younger than 50, 5 of 8 conduct their banking online. Of those older than 50, only 1 of 12 banks online.