After 20 months. after 20 months the first dealer will cost 5500 and the second dealer will cost 5500
dealer one pays 3000 in monthly fines and 2500 down and dealer 2 pays 2500 in fines and 300 down
Two events are said to be independent when the occurence of one event does not in any way affects the occurence of the other event.
For independent events, the probablilty of event A happening given that event B has happened is given by the probability of event A happening.
i.e. P(a | b) = P(a).
Therefore, given that p(a) = 0.05 and P(b) = 0.65, then p(a | b) = p(a) = 0.05.
