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The Easy Credit Company reports the following table representing a breakdown of customers accounting to the amount they owe and whether a cash advance has
The Easy Credit Company reports the following table representing a breakdown of customers accounting to the amount they owe and whether a cash advance has been made. An auditor randomly selects one of the accounts. Accounts owned by Customers and Cash Avance
Accounts owned by Customers Cash Advance Yes No
to
or more
Total Customers Show your work!
What is the probability that a customer received a cash advance?
What is the probability that a customer owed less than $ and received a cash advance?
What is the probability that a customer owed less than $ or received a cash advance?
Given that the customerowned $ or more, what is the probability that the customer received a cash advance?
Are the events "receiving a cash advance" and "owning $ or more" independent? Explain why or why not.
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