A large operator of timeshare complexes requires anyone interested in making a purchase to first visit the site of interest. Historical data indicates that 20% of all potential purchasers select a day visit, 50% choose a one-night visit, and 30% opt for a two-night visit. In addition, 20% of day visitors ultimately make a purchase, 50% of one-night visitors buy a unit, and 40% of those visiting for two nights decide to buy. Suppose a visitor is randomly selected and is found to have made a purchase. How likely is it that this person made a day visit? (Round your answer to three decimal places.) How likely is it that this person made a one-night visit? (Round your answer to three decimal places.) How likely is it that this person made a two-night visit? (Round your answer to three decimal places.)
A large operator of timeshare complexes requires anyone interested in making a purchase to first visit the site of interest. Historical data indicates that 20% of all potential purchasers select a day visit, 50% choose a one-night visit, and 30% opt for a two-night visit. In addition, 20% of day visitors ultimately make a purchase, 50% of one-night visitors buy a unit, and 40% of those visiting for two nights decide to buy. Suppose a visitor is randomly selected and is found to have made a purchase. How likely is it that this person made a day visit? (Round your answer to three decimal places.) How likely is it that this person made a one-night visit? (Round your answer to three decimal places.) How likely is it that this person made a two-night visit? (Round your answer to three decimal places.)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:A large operator of timeshare complexes requires anyone interested in making a purchase to first visit the site of interest. Historical data indicates that 20% of all
potential purchasers select a day visit, 50% choose a one-night visit, and 30% opt for a two-night visit. In addition, 20% of day visitors ultimately make a purchase,
50% of one-night visitors buy a unit, and 40% of those visiting for two nights decide to buy. Suppose a visitor is randomly selected and is found to have made a
purchase. How likely is it that this person made a day visit? (Round your answer to three decimal places.)
How likely is it that this person made a one-night visit? (Round your answer to three decimal places.)
How likely is it that this person made a two-night visit? (Round your answer to three decimal places.)
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