The principal of loan A is . Which loan has a higher annual percentage rate? What will be the total repayment for loan A, includ
2 answers:
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Given:
The two way table.
To find:
The conditional probability of P(Drive to school | Senior).
Solution:
The conditional probability is defined as:
Using this formula, we get
...(i)
From the given two way table, we get
Drive to school and senior = 25
Senior = 25+5+5
= 35
Total = 2+25+3+13+20+2+25+5+5
= 100
Now,
Substituting these values in (i), we get
Therefore, the required conditional probability is 0.71.