In a city, 60% of the residents live in houses and 40% of the residents live in apartments. Of the people who live in houses, 25% 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 he or she lives in a house. (Round your answer to two decimal places.)
In a city, 60% of the residents live in houses and 40% of the residents live in apartments. Of the people who live in houses, 25% 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
Let A denote the event residents live in houses
Let B denote the event that residents live in apartments
Let E denote the event that person owns his or her own business
Let denote the event that person owns his or her own business given that lives in houses.
Let denote the event that person owns his or her own business given that lives in apartments.
The given probabilities are,
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