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    Statistics - Calculating Probability.

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    297. A new sports car model has defective brakes 15 percent of the time and a defective steering mechanism 5 percent of the time. Let's assume (and hope) that these problems occur independently. If
    one or the other of these problems is present, the car is called a "lemon." If both of these problems
    are present, the car is a "hazard." Your instructor purchased one of these cars yesterday. What is the
    probability it is:
    a. A lemon?
    b. A hazard?

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    Solution Preview

    P(Bad brakes) = 0.15 and P(Bad steering) = 0.05

    (b) P(Hazard) = P(Bad ...

    Solution Summary

    The expert calculates the probabilities. A complete, neat and step-by-step solution is provided.