Suppose in a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.0017. The probability that a person in the United States would declare personal bankruptcy and had recently experienced medical-related issues was 0.0014. What was the probability that a person had recently experienced medical-related issues, given that they had declared personal bankruptcy?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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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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Suppose in a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.0017. The probability that a person in the United States would declare personal bankruptcy and had recently experienced medical-related issues was 0.0014. What was the probability that a person had recently experienced medical-related issues, given that they had declared personal bankruptcy? (Round your answer to two decimal places.)

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