Ratio 4 bananas to 12 oranges. write the ratio as a fraction in simplest form. explain the meaning.
1 answer:
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Answer:
0.1608 = 16.08% probability that the business is in the chemical industry if it is known that the business is located in the Mid-West.
Step-by-step explanation:
Conditional Probability
We use the conditional probability formula to solve this question. It is
In which
P(B|A) is the probability of event B happening, given that A happened.
is the probability of both A and B happening.
P(A) is the probability of A happening.
In this question:
Event A: Failed business in the Midwest.
Event B: Chemical industry.
Probability of failed business being in the Mid-West:
7900 out of 63509. So
Probability of a failed business being a chemical industry in the Mid-West.
1270 out of 63509. So
What is the probability that the business is in the chemical industry if it is known that the business is located in the Mid-West?
0.1608 = 16.08% probability that the business is in the chemical industry if it is known that the business is located in the Mid-West.
Step-by-step explanation:
the answer is in the above image
