Question

A life insurance salesman finds that, of all the sales he makes, 70% are to people who already own policies. He also finds that, of all contacts for which no sale is made, 50% already own life insurance policies. Furthermore, 40% of all contacts result in sales. What is the probability that a sale will be made to a contact who already owns a policy?


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  • CreatedJuly 07, 2015
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