In a certain community, the probability that a family owns a dog is 24%. Given that a family owns a dog, the probability that they also own a cat is 25%. It is also known that 33% of all the families own a cat What is the probability that a randomly selected family owns a cat? What is the conditional probability that a randomly selected family owns a dog given that it owns a cat? Hint Write out each of the probabilities you've been given in probability notation, as well as the probabilities you need to find. You may need to find a joint probability (P(A and B)) before you can answer the 2nd question. It may help to draw a Venn Diagram. Be sure to give your answers to at least 4 decimal places.

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point In a certain community, the probability that a family owns a dog is 24%. Given that a family owns a dog, the probability that they also own a cat is 25%. It is also known that 33% of all the families own a
cat.
What is the probability that a randomly selected family owns a cat?
What is the conditional probability that a randomly selected family owns a dog given that it owns a cat?
Hìnt: Write out each of the probabilities you've been given in probability notation, as well as the probabilities you need to find. You may need to find a joint probability ( P(A and B) before you can answer the 2nd
question. It may help to draw a Venn Diagram. Be sure to give your answers to at least 4 decimal places.
Transcribed Image Text:point In a certain community, the probability that a family owns a dog is 24%. Given that a family owns a dog, the probability that they also own a cat is 25%. It is also known that 33% of all the families own a cat. What is the probability that a randomly selected family owns a cat? What is the conditional probability that a randomly selected family owns a dog given that it owns a cat? Hìnt: Write out each of the probabilities you've been given in probability notation, as well as the probabilities you need to find. You may need to find a joint probability ( P(A and B) before you can answer the 2nd question. It may help to draw a Venn Diagram. Be sure to give your answers to at least 4 decimal places.
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