In a city, 70% of the residents live in houses and 30% of the residents live in apartments. Of the people who live in houses, 30% own their own business. Of the people who live in apartments, 20% own their own business. If a person owns his or her own business, find the probability that the business owner lives in a house.
In a city, 70% of the residents live in houses and 30% of the residents live in apartments. Of the people who live in houses, 30% own their own business. Of the people who live in apartments, 20% own their own business. If a person owns his or her own business, find the probability that the business owner lives in a house.
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...
Related questions
Question
Only Typed Answer
Transcribed Image Text:In a city, 70% of the residents live in houses and 30% of the residents live in
apartments. Of the people who live in houses, 30% own their own business. Of the
people who live in apartments, 20% own their own business. If a person owns his or
her own business, find the probability that the business owner lives in a house.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON