A at a local car dealership the probability of a salesman, Ask an Expert

Statistics

a) At a local car dealership the probability of a salesman making a car sale to a customer is 0.4. The probability that the customer has a trade in given that a sale was made is 0.6. The probability that a customer has a trade in given no sale is made is 0.25. What is the probability that a customer has a trade in?

b) What is the probability of a sale given that the customer has a trade in?

c) What is the probability that a customer has a trade in and a sale is made?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9980986

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Fifth fourth national bank has a savings program which will

Fifth Fourth National Bank has a savings program which will guarantee you $11,000 in 12 years if you deposit $60 per month. What APR is the bank offering you on this savings plan?

Anystate auto insurance company took a random sample

Anystate Auto Insurance Company took a random sample of 388 insurance claims paid out during a 1-year period. The average claim paid was $1575. Assume σ = $240. Find a 0.90 confidence interval for the mean claim paymen ...

1 define and discuss how to develop the free cash flow

1. Define and discuss how to develop the Free Cash Flow forecast? 2. Define and discuss how to develop the Terminal Value? 3. Define and discuss how to develop the Discount Rate?

1 to investigate the ecological impact of parasite

1. To investigate the ecological impact of parasite infections, scientists measured the distance that infected western fence lizards, Scelopons occidentalis , ran in two minutes against a control group of uninfected liz ...

A binomial process has 892 trails and a probability of

A binomial process has 892 trails and a probability of success of 0.78. What is the standard deviation of this process distribution?

Sally inherited some property from her family it includes

Sally inherited some property from her family, it includes two homes, one in Stone Harbor and one in Maui. (nice family). Sally is thinking of selling the properties but wants to make sure she gets a fair price. The two ...

Assume that 8 of people have ab blood a hospital blood bank

Assume that 8% of people have AB blood. A hospital blood bank needs ABblood so the blood bank begins checking potential donors. Use this Excel file geometric probabilities (enable the macro after opening the file) or thi ...

A child care center wants to determine if there is a

A child care center wants to determine if there is a relationship between how long a child naps in minutes (20,21,22,23,24,etc.,etc) and incidents of aggression (1,2,3,4,etc.,etc). What type of statistical test should be ...

Please help me study for a test by answering this

Please help me study for a test by answering this question. A stock is just paid a dividend of $0.91 and is growing at a constant rate of 10 percent per year. If the required rate of return is 15 percent, what is the sto ...

Lt x be a normally distributed random variable with mu

Let X be a normally distributed random variable with μ = 100 and σ = 10. Find the probability that X is between 80 and 105. (Round your answer to the nearest whole number percent and include the percent symbol.)

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert