Small cars get better gas mileage, but they are not as safe as bigger cars. Small cars
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Small cars get better gas mileage, but they are not as safe as bigger cars. Small cars accounted for 18% of the vehicles on the road, but accidents involving small cars led to 11,898 fatalities during a recent year (Reader’s Digest, May 2000). Assume the probability a small car is involved in an accident is 0.18. The probability of an accident involving a small car leading to a fatality is 0.128 and the probability of an accident not involving a small car leading to a fatality is 0.05. Suppose you learn of an accident involving a fatality. What is the probability a small car was involved?
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Quantitative Methods For Business
ISBN: 148
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
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