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Accounting Example 3: Ryan lives in a city where there is a 30% chance of rain every single day of the year regardless of what
Accounting Example 3: Ryan lives in a city where there is a 30% chance of rain every single day of the year regardless of what the weather was the day before. Suppose Ryan decides to record whether or not it rains for 2 straight days. a] What is the probability that it rains both days? b) What is the probability that it doesn't rain either day? c) What is the probability that it rains both days given that it rains the first day? d) What is the probability that it rains on the second day
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