At a certain college, 53% of the students are female, and 21% of the students major in finance. Furthermore, 12% of the students both are female and major in finance.
(a) What is the probability that a randomly selected finance major is female? Round your answer to 2 decimal places.
(b) What is the probability that a randomly selected female student majors in finance? Round your answer to2 decimal places.
53%- students are female
21%- students are major in finance
12%- students are both female an male
This provides two examples of conditional probability.