/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q 83. Fill ’err up! In a recent mont... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Fill ’err up! In a recent month, 88%of automobile drivers filled their vehicles with regular gasoline, 2%purchased midgrade gas, and 10%bought premium gas.17 Of those who bought regular gas, 28% paid with a credit card; of customers who bought midgrade and premium gas, 34% and 42%, respectively, paid with a credit card. Suppose we select a customer at random.

Draw a tree diagram to represent this situation. What’s the probability that the customer paid with a credit card? Use the four-step process to guide your work.

Short Answer

Expert verified

The probability that the customer paid with a credit card is 0.2952%

Step by step solution

01

Step 1. Given Information

Regular gasoline was utilized by 88percent of the vehicles, with midgrade gas purchased by2% and premium gas purchased by 10% Regular gas is bought with a credit card 28% of the time, midgrade gas is bought with a credit card 34% of the time, and premium gas is bought with a credit card 42%of the time.

02

Step 2. Concept Used

Conditional probability: P(A∩B)=P(A/B)×P(B)

03

Step 3. Calculation

The tree diagram is shown below, according to the question:

Now, for each type of gasoline, determine the likelihood of paying using a credit card.

P(Regular∩Creditcard)=P(Creditcard/Regular)×P(Regular)=88%×28%=0.88×0.28=0.2464

P(Midgrade∩Creditcard)=P(Creditcard/Midgrade)×P(Midgrade)=2%×34%=0.02×0.34=0.0068

P(Premium∩Creditcard)=P(Creditcard/Premium)×P(Premium)=10%×42%=0.10×0.42=0.042

Fill in the blanks with the corresponding probabilities:

P(creditcard)=0.2464+0.0068+0.042=0.2952%

As a result, the likelihood of the buyer paying using a credit card is 0.2952%

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

A Titanic disaster In 1912the luxury liner Titanic, on its first voyage across the Atlantic, struck an iceberg and sank. Some passengers got off the ship in lifeboats, but many died. The two-way table gives information about adult passengers who lived and who died, by class of travel. Suppose we choose an adult passenger at random.

(a) Given that the person selected was in first class, what’s the probability that he or she survived?

(b) If the person selected survived, what’s the probability that he or she was a third-class passenger?

Myspace versus Facebook A recent survey suggests that 85% of college students have posted a profile on Facebook, 54%use Myspace regularly, and 42% do both. Suppose we select a college student at random.

(a) Assuming that there are 20 million college students, make a two-way table for this chance process.

(b) Construct a Venn diagram to represent this setting.

(c) Consider the event that the randomly selected college student has posted a profile on at least one of these two sites. Write this event in symbolic form

using the two events of interest that you chose in (b).

(d) Find the probability of the event described in (c).

Explain your method.

Color-blind men Refer to Exercise 25. Suppose we randomly select 4 U.S. adult males. What’s the probability that at least one of them is red-green

color-blind? Design and carry out a simulation to answer this question. Follow the four-step process.

Sampling senators The two-way table describes the members of the U.S. Senate in a recent year. Suppose we select a senator at random. Consider events D: is a democrat, and F: is female.

(a) Find P(D | F). Explain what this value means.

(b) Find P(F | D). Explain what this value means.

Use the correct choice from the previous question and these random digits to simulate 10 shots:8273471490204674751181676553009438314893How many of these 10 shots are hits? (a) 2(b) 3(c) 4(d) 5(e) 6

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.