Chapter 7: Problem 35
Your friend claims that the probability of \(A\) given \(B\) is the same as the probability of \(B\) given \(A\). How would you convince him that he is wrong?
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Chapter 7: Problem 35
Your friend claims that the probability of \(A\) given \(B\) is the same as the probability of \(B\) given \(A\). How would you convince him that he is wrong?
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Describe an interesting situation that can be modeled by the transition matrix $$ P=\left[\begin{array}{ccc} .8 & .1 & .1 \\ 1 & 0 & 0 \\ .3 & .3 & .4 \end{array}\right] $$
\- Public Health A study shows that \(80 \%\) of the population has been vaccinated against the Venusian flu, but \(2 \%\) of the vaccinated population gets the flu anyway. If \(10 \%\) of the total population gets this flu, what percent of the population either gets the vaccine or gets the disease?
Debt Analysis A credit card company classifies its cardholders as falling into one of two credit ratings: "good" and "poor." Based on its rating criteria, the company finds that a cardholder with a good credit rating has an \(80 \%\) chance of remaining in that category the following year and a \(20 \%\) chance of dropping into the poor category. A cardholder with a poor credit rating has a \(40 \%\) chance of moving into the good rating the following year and a \(60 \%\) chance of remaining in the poor category. In the long term, what percentage of cardholders fall in each category?
Based on the following table, which shows U.S. employment figures for 2007, broken down by educational attainment. \(^{49}\) All numbers are in millions, and represent civilians aged 25 years and over. Those classed as "not in labor force " were not employed nor actively seeking employment. Round all answers to two decimal places. Find the probability that a person was employed, given that the person had attained less than a high school diploma.
Pablo randomly picks three marbles from a bag of eight marbles (four red ones, two green ones, and two yellow ones). How many outcomes are there in the event that Pablo's marbles are not all the same color?
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