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A stockbroker knows from past experience that the probability that a client owns stocks is 0.60 and the probability that a client owns bonds is
A stockbroker knows from past experience that the probability that a client owns stocks is 0.60 and the probability that a client owns bonds is 0.50. The probability that a client owns bonds if he/she already owns stocks is 0.05. Given that a client owns bonds, Calculate the probability (as a decimal) that he/she owns stocks?
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