Please explain in detail I do not understand how the answer came about The checking accounts of Sun Bank are categorized by the age of account and the accountbalance. Auditors will select accounts at random from the following 1000 accounts (numbers in the table are the number of accounts in each category):Problems 55Account BalanceAge of the Account 0–$499 $500–$999 $1000 or MoreLess than 2 years 120 240 902 years or more 75 275 200f. What is the probability that an account is at least 2 years old given that the balance is$500–$999?

Please explain in detail I do not understand how the answer came about The checking accounts of Sun Bank are categorized by the age of account and the accountbalance. Auditors will select accounts at random from the following 1000 accounts (numbers in the table are the number of accounts in each category):Problems 55Account BalanceAge of the Account 0–$499 $500–$999 $1000 or MoreLess than 2 years 120 240 902 years or more 75 275 200f. What is the probability that an account is at least 2 years old given that the balance is$500–$999?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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