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