Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A business student is searching for a used car to purchase, so she posts an ad to a website saying she wants to buy
A business student is searching for a used car to purchase, so she posts an ad to a website saying she wants to buy a used car between $16,000 and $18,000. She learns that there are 156 cars matching that description within a 30-mile radius of her home. Assume that those are the people who will call her and that they are equally likely to call her. Complete parts a through d. B Price Make $16,000-$16,999 $17,000-$17,999 Total A C 31 D E Total 503258 6 19 622826 11 8 32 63 27 12 47 96 60 156 ... a) What is the probability that the first caller will own a car of make D? (Round to three decimal places as needed.) b)What is the probability that the first caller will own a car of make D that costs between $16,000 and $16,999? (Round to three decimal places as needed.) c) If the first call offers her a car of make D, what is the probability that it costs less than $17,000? (Round to three decimal places as needed.) d) Suppose she decides to ignore calls with cars whose cost is $17,000. What is the probability that the first call she takes will offer to sell her a car of make D? (Round to three decimal places as needed.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started