If the simple interest on $5,000 for 6 years is 1,200 then what is the interest rate?
1 answer:
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Answer:
The probability that the household has only cell phones and has high-speed Internet is 0.408
Step-by-step explanation:
Let A be the event that represents U.S. households has only cell phones
Let B be the event that represents U.S. households have high-speed Internet.
We are given that 51% of U.S. households has only cell phones
P(A)=0.51
We are given that 70% of the U.S. households have high-speed Internet.
P(B)=0.7
We are given that U.S. households having only cell phones, 80% have high-speed Internet. A U.S household is randomly selected.
P(B|A)=0.8
Hence the probability that the household has only cell phones and has high-speed Internet is 0.408