In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.007. The probability that a person in the United Stateswould declare personal bankruptcy and had recently experienced a "big three" event (loss of job, medical problem, or divorce or separation) was 0.004. What wasthe probability that a person had recently experienced one of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to fourdecimal places.)Submit Answer

Answered: Image /qna-images/answer/efb083f4-8367-47d0-b3d3-94867ef0f16a.jpg

Answered: In a certain year, the probability that…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

Brian is undecided as to whether to take a French course or a Russian course. He estimates that his probability of receiving an A grade would be 1/3 in a French course and 2/5 in a Russian course. If Brain decides to base his decision on the flip of a fair coin, what is the probability that he gets an A in Russian?
The Visa credit card company has determined that the amount its customers spend per transaction is normally distributed with an average of R5800 per month and a standard deviation of R900. What proportion of customers spend less than R4750 per month (rounded off to three decimals)? O A. 0.879 B. 0.121 OC. 0.916 D. 1.166
Thirty percent of hospital admissions for diabetic patients are related to problems with the kidneys. In a sample of 10 diabetic hospital admissions, what is the probability that none will be for a kidney problem? (Round to 4 digits, ex. 0.1234)
Suppose you like to keep a jar of change on your desk. Currently, the jar contains the following: 5 Pennies 26 Dimes 18 Nickels 10 Quarters What is the probability that you reach into the jar and randomly grab a nickel and then, without replacement, another nickel? Express your answer as a fraction or a decimal number rounded to four decimal places.
In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.004. 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 0.002. 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.)
In a certain high school, the probability that a student drops out is 0.1, and the probability that a dropout gets a high-school equivalency diploma (GED) is 0.25. What is the probability that a randomly selected student gets a GED?
An insurance company has written 50 policies for $125,000, 100 policies for $30,000, and 250 policies for $10,000 for people of age 20. If experience shows that the probability that a person will die at age 20 is 0.0012, how much can the company expect to pay out during the year the policies were written?
A certain student is equally likely to choose to major in medicine, engineering or accounting in college. What is the probability that the student will choose to major in: note : Answers should be in either decimal (4 decimal places), fraction (lowest terms) or percent (rounded to 2 decimal places) form. 1. medicine? 2. accounting? 3. engineering or medicine?
Richies insurance company offers a 250,000 life insurance policy for a premium of $750 per year. If the probability you live through the year is .9977 what is the expected value to the insurance company
Suppose the probability of an IRS audit is 1.2 percent for U.S. taxpayers who file form 1040 and who earned $100,000 or more. (a) What are the odds that such a taxpayer will be audited? (Round your answers to the nearest whole number.) Odds that a taxpayer will be audited to (b) What are the odds against such a taxpayer being audited? (Round your answers to the nearest whole number.) Odds against a yaxpayer being audited to
Diet Dr.Pepper is going old school and putting a "Free DP" notification under 10% of their 20-oz bottle caps. If I purchase a 6-pack of 20-oz bottles, what is the probability that I win at least two free drpeppers?
An airline company is considering a new policy of booking as many as 354 persons on an airplane that can seat only 330. (Past studies have revealed that only 89% of the booked passengers actually arrive for the flight.) Estimate the probability that if the company books 354 persons. not enough seats will be available.

SEE MORE QUESTIONS

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS