Question

Question 2. You are engaged in research on smartphones sales. Are owners of home-phones (landlines) a possible market? You know from consumer surveys that 30% of households have a landline (P(L) 0.3), whereas the probability a household has a smartphone is P(S)-0.7. It is a well-established fact that P(L |S) 0.01. Answer the following, i) What is the probability that a housel old has both a landline and a smartphone? ii) Are the events of having a landline and a smartphone statistically independent? Explain What is the probability of having a smartphone given that a household has a landline? What recommendation would you make about whether or not to pursue landline owners as potential new smartphone customers? ili)

Answer 1