the probability that price of economics book ( A) will increase over next semester is 0.5 while
Question:
the probability that price of economics book ( A) will increase over next semester is 0.5 while probability that price of Finance book(B) will rise the same period is 0.7. The probability that price of both books will rise is 0.4
A. What is the probability that price of Economics book will not rise over the next semester.
B. Find the probability that neither book price will rise
C. If the price of Finance book rises, what is probability that price of Economics book also rises?
D. Given that the price of Finance book does not rises , what is the probability that price of Economics book rises?
E. Are the price rises for two books mutually exclusive? Justify
F. Are the price for two books independent ? Justify?
Expert Answer:
Answer A The probability that the price of the Economics book will not rise over the next se... View the full answer
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
