The Merrilee Brokerage House studied two groups of industries (computers and petroleum) and rated them as low risks or high risks, as shown. Industry Low High Computers 10 5 Petroleum 15 20 If a person selected one of these stocks at random (that is, each stock had probability of being selected), find the probability that the person selected a computer stock, given that the person selected a low- risk stock. (Enter your probability as a fraction.)

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
icon
Related questions
Topic Video
Question
The Merrilee Brokerage House studied two groups of industries (computers and petroleum) and rated them as low risks or high risks, as shown.
Industry Low High
Computers
10
5
Petroleum
15
20
If a person selected one of these stocks at random (that is, each stock had probability
of being selected), find the probability that the person selected a computer stock, given that the person selected a low-
50
risk stock. (Enter your probability as a fraction.)
Transcribed Image Text:The Merrilee Brokerage House studied two groups of industries (computers and petroleum) and rated them as low risks or high risks, as shown. Industry Low High Computers 10 5 Petroleum 15 20 If a person selected one of these stocks at random (that is, each stock had probability of being selected), find the probability that the person selected a computer stock, given that the person selected a low- 50 risk stock. (Enter your probability as a fraction.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning