Probability Tree & Joint Probability Table
A retail outlet receives radios from three electrical appliance companies. The outlet receives 20% of its radios from A, 40% from B, and 40% from C. The probability of receiving a defective radio from A is .01; from .02; and from C .08.
A. Develop a probability tree showing all marginal, conditional and joint probabilities.
B. Develop a joint probability table.
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Solution Summary
The solution develops a probability tree and develops a joint probability table.
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