n a car dealership, 55 percent of customers order a Bugatti. Among the customers that buy a Bugatti, 70 percent of customers pay using cash. For the customers who did not order a Bugatti, 25 percent of customers pay cash. Q: Given that a customer pays using cash, what's the probability that the customer buys a bugatti? shows work and steps with a solution
n a car dealership, 55 percent of customers order a Bugatti. Among the customers that buy a Bugatti, 70 percent of customers pay using cash. For the customers who did not order a Bugatti, 25 percent of customers pay cash. Q: Given that a customer pays using cash, what's the probability that the customer buys a bugatti? shows work and steps with a solution
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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Question
In a car dealership, 55 percent of customers order a Bugatti. Among the customers that buy a Bugatti, 70 percent of customers pay using cash. For the customers who did not order a Bugatti, 25 percent of customers pay cash.
Q: Given that a customer pays using cash, what's the probability that the customer buys a bugatti?
shows work and steps with a solution
Expert Solution
Step 1
event A : buy bugatti
B : pay using cash
P(A) = 0.55
P(B|A) = 0.70
P(B|A') = 0.25
P(A|B) = ?
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