Question
Businesses that offer credit to their customers are inevitably faced with the task of collecting unpaid bills. Creditors in 4 different cities are randomly selected
Businesses that offer credit to their customers are inevitably faced with the task of collecting unpaid bills. Creditors in 4 different cities are randomly selected and asked about how they deal with past-due bills. Their responses are given below. City A City B City C City D Take tough action early 4 3 2 5 Take tough action late 34 22 21 19 Never take tough action 5 12 10 14 Suppose one of the creditors questioned is chosen at random. (a) If the chosen creditor takes tough action early, what is the probability that the creditor is from City B?What is the probability that the chosen creditor never takes tough action? (c) Given that the chosen creditor is from City D, what is the probability that the creditor takes tough action late?
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