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describe probability of compound events.

In a study of the consumer's opinion of the economy the probability that a consumer would buy a house during the year was 0.013, as well as the probability that a consumer would buy a car during the year was 0.198. There was as well a 0.010 probability that a consumer would buy a house and a car during the year.

1) describe what is the probability that a consumer would buy either a car or a house or both during the year?

2) describe what is the probability that a consumer would buy a car during the year given that the consumer purchased a house during the year?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920219

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