Consider a single randomly selected purchase from a population with the given characteristics. Food (F) Non food (N) Credit (C) .53 .17 Money (M) .12 .18 a) What is the probability it is a food purchase? b) What is the probability it is a food purchase, if we know it is a credit purchase? c) What is the probability it is a credit purchase, if we know it is a food purchase? d) What is the probability it is a food purchase and a credit purchase?
Consider a single randomly selected purchase from a population with the given characteristics. Food (F) Non food (N) Credit (C) .53 .17 Money (M) .12 .18 a) What is the probability it is a food purchase? b) What is the probability it is a food purchase, if we know it is a credit purchase? c) What is the probability it is a credit purchase, if we know it is a food purchase? d) What is the probability it is a food purchase and a credit purchase?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Consider a single randomly selected purchase from a population with the given characteristics.
| Food (F) | Non food (N) | |
| Credit (C) | .53 | .17 |
| Money (M) | .12 | .18 |
a) What is the
b) What is the probability it is a food purchase, if we know it is a credit purchase?
c) What is the probability it is a credit purchase, if we know it is a food purchase?
d) What is the probability it is a food purchase and a credit purchase?
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