In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.007. The probability that a person in the United State would declare personal bankruptcy and had recently experienced a "big three" event (loss of job, medical problem, or divorce or separation) was 0.004. What was the probability that a person had recently experienced one of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to fou decimal places.) Submit Answer

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.007. The probability that a person in the United States
would declare personal bankruptcy and had recently experienced a "big three" event (loss of job, medical problem, or divorce or separation) was 0.004. What was
the probability that a person had recently experienced one of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to four
decimal places.)
Submit Answer
Transcribed Image Text:In a certain year, the probability that a person in the United States would declare personal bankruptcy was 0.007. The probability that a person in the United States would declare personal bankruptcy and had recently experienced a "big three" event (loss of job, medical problem, or divorce or separation) was 0.004. What was the probability that a person had recently experienced one of the "big three" events, given that she had declared personal bankruptcy? (Round your answer to four decimal places.) Submit Answer
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