Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A college student is randomly selected. Let A be the event that the selected individual has a Visa credit card and B be the event

A college student is randomly selected. Let A be the event that the selected individual has a Visa credit card and B be the event that he has a MasterCard. It is known that P ( A ) =0.45 , P ( B ) =0.43 , and P ( A ∩ B ) =0.21 . Compute the following probabilities (a Venn diagram might help). (Round your answers to four decimal places.)a) What is the probability that he has at least one card?

b) P (B | A)

c) P (B| A)

d) Given that the selected individual has at least one card, what is the probability that it is a Visa Card?

Step by Step Solution

3.43 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

Q Given PA 045 PB 043 PANB021 PLAUB PLA PB PANB 045043021067 ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Probability And Statistics For Engineering And The Sciences

Authors: Jay L. Devore

9th Edition

1305251806, 978-1305251809

More Books

Students also viewed these Accounting questions

Question

What are three-dimensional Web pages?

Answered: 1 week ago

Question

Show that [see (8. 39)]. av. var () 1 TIZ t-1 Exa

Answered: 1 week ago