In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.006. The probability that a person in the United States would declare personal bankruptcy and had recently experienced a "big three" event (loss of job, medical problem, or divorce or separation) was 0.004. What was the probability that a person had recently experienced one of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to four 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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In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.006. The probability
that a person in the United States would declare personal bankruptcy and had recently experienced a "big three" event (loss of
job, medical problem, or divorce or separation) was 0.004. What was the probability that a person had recently experienced one
of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to four decimal places.)
Transcribed Image Text:In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.006. The probability that a person in the United States would declare personal bankruptcy and had recently experienced a "big three" event (loss of job, medical problem, or divorce or separation) was 0.004. What was the probability that a person had recently experienced one of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to four decimal places.)
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