An actuarial student studying for Exam P has an option to purchase probability books by Robert, Smith, and/or Taylor. A total of 72% of students buy only one of these books (with all books having the same probability), and 18% buy only two books (with each pair of books having the same probability). The probability that a student bought all three books given that he bought Robert's and Taylor's books is 40%. What is the probability that a student who did not buy Smith's book did not buy any book at all? A 10% в 11% 17% D 20% E 21%

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.5: Markov Chain
Problem 16E: Consumer Preference In a population of 100,000 consumers, there are 20,000 users of Brand A, 30,000...
icon
Related questions
Question
An actuarial student studying for Exam P has an option to purchase probability books by Robert, Smith, and/or Taylor. A total of 72% of
students buy only one of these books (with all books having the same probability), and 18% buy only two books (with each pair of books
having the same probability). The probability that a student bought all three books given that he bought Robert's and Taylor's books is 40%.
What is the probability that a student who did not buy Smith's book did not buy any book at all?
A
10%
B
11%
17%
D
20%
E
21%
Transcribed Image Text:An actuarial student studying for Exam P has an option to purchase probability books by Robert, Smith, and/or Taylor. A total of 72% of students buy only one of these books (with all books having the same probability), and 18% buy only two books (with each pair of books having the same probability). The probability that a student bought all three books given that he bought Robert's and Taylor's books is 40%. What is the probability that a student who did not buy Smith's book did not buy any book at all? A 10% B 11% 17% D 20% E 21%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer