A car dealer sold 750 automobiles last year. The following table categorizes the cars sold by size
Question:
a. If the car is small, what is the probability that it is black?
b. If the car is white, what is the probability that it is midsize?
c. If the car is large, what is the probability that it is red?
d. If the car is red, what is the probability that it is large?
e. If the car is not small, what is the probability that it is not grey?
DealerA dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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