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If A and B are independent events with P(A) = 0.25 and P(B) = 0.60, then P(A/B) is?

2. Intentions of customers regarding future automobile purchases and the financial capability of the consumers are given below:

Plan to buy

qualify for within 6 6 months or No
financing months (A) longer (B) (C)

Yes (D) 0.30 0.20 0.10
No (E) 0.10 010 0.20

What is the probability of P(A/D)?

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Solution Summary

The solution provides step by step method for the calculation of probability . Formula for the calculation and Interpretations of the results are also included.