ASSN 4.docx - Q1 a S={SSS,SSU,SUS,SUU,USU,USS,UUS,UUU There are 8 possible sample points b S(B)={BCF,BCf,BcF,Bcf S(C)={BCF,BCf,bCF,bCf c

# ASSN 4.docx - Q1 a S={SSS,SSU,SUS,SUU,USU,USS,UUS,UUU There...

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Q1.a)S={SSS,SSU,SUS,SUU,USU,USS,UUS,UUU}There are 8 possible sample pointsb)S(B)={BCF,BCf,BcF,Bcf}S(C)={BCF,BCf,bCF,bCf}c)S(BC)={BCF,BCf,BcF,Bcf,bCf,bCF}d)S(CF)={BCF,bCF}e)The Events C and F are NOT mutually exlusive, as both the Corporate Bond Investment and the ForestIndustry Investment could potentially both be successful simultaneously. Q2. a)b)0.337137 + 0.137149 + 0.026461 = 0.500746 or 50.0746%1 – 0.499254 = 0.500746 or 50.0746%c)0.006428615 or 0.6428615%d)0.250883554 or 25.0883554%e)No, it seems that Household Income is positively correlated with Education Level, as Household Income seems to rise as the “Highest Level of Education” rises.Q3. P(B) = 0.3, P(S) = 0.5, P(BS) =0.2a)P(B|S)=P(BS)/P(S)P(B|S)=0.2/0.5P(B|S)=0.4The probability of an individual purchasing the product given that the individual recalls seeing the advertisement is 0.4 or 40%.The probability of an individual purchasing the product increasesif the individual recalls seeing the advertisement (0.3 to 0.4 or 30% to 40%).As a Decision Maker, I would continue running the advertisement as it seems to have a positive