In a certain city, 30% of the families have a MasterCard, 20% have an American Express...

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In a certain city, 30% of the families have a MasterCard, 20%have an American Express card, and 25% have a Visa card. Eightpercent of the families have both a MasterCard and an AmericanExpress card. Twelve percent have both a Visa card and aMasterCard. Six percent have both an American Express card and aVisa card.

31. Is possession of a Visa card independent of possession of aMasterCard? Why or why not?

No, because P (M | V) ? P (V)

No, because P (V | M) ? P (V)

Yes, because P (M) = P(V)

Yes, because P (V ? M) ? 0

No, because Visa and MasterCard are different things

32. If a family has a Visa card, what is the probability that ithas a MasterCard?

0.25

0.12

0.39

0.48

0.40

33.Is possession of an American Express card mutually exclusiveof possession of a Visa card? Why or why not?

No, because P (A ? V) ? P (V)

Yes, because P (A ? V) = .0000

No, because P (A ? V) ? .0000

Yes, because P (V ? A) ? P (A)

No, because American Express and Visa card are differentthings

34.What is the probability of selecting a family that has eithera Visa card or an American Express card?

0.25

0.20

0.37

0.33

0.39

35.If a family has a MasterCard, what is the probability that ithas a Visa card?

0.48

0.12

0.30

0.20

0.40

36.What is the probability of selecting a family that has eithera Visa card or a MasterCard?

0.25

0.30

0.55

0.43

0.12

Answer & Explanation Solved by verified expert
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Let Mmaster card V visa card and AAmerican Express PM030 PA020 and PV025 PM n A008 PM n V012 and PA n V006 1 Is possession of a Visa card independent of possession of a    See Answer
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