At a certain car dealership, (20 %) of customers who bought a new vehicle bought an SUV,
Question:
At a certain car dealership, \(20 \%\) of customers who bought a new vehicle bought an SUV, and 3\% of them bought a black SUV. Given that a customer bought an SUV, what is the probability that it was black?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Lets-Do-A-Deal new car sales dealership needs to review and plan its services. Its a very busy dealership with an easy to access location. A new car sale is made on average to every second walk...
-
According to past experience, 20% of customers coming into Frank's car dealership will buy one of his cars. Assume customers are independent and sampled from a very large population. Assume his...
-
A local car dealership currently has 36 used GM, Ford, and Toyota vehicles on the lot that can be classified as either cars or trucks. The following data are available: Twentysix vehicles are cars....
-
If a= <1,0,1>, b= <2,1,-1>, and c= <0,1,3>, show that aX(bXc) is not equal (aXb)Xc.
-
A 0.280-kg croquet ball makes an elastic head-on collision with a second ball initially at rest. The second ball moves off with half and original speed of the first ball. (a) What is the mass of the...
-
Freiberg Associates issued $700,000 par value, 4-year, zero-coupon bonds on January 1, 2018. The market rare of interest on the date of the bond issue was 4%. Bond issue costs are $3,600. The...
-
Two conspirators, Timothy Carpenter and Timothy Sanders, were charged with aiding and abetting a robbery affecting interstate commerce and the use or carriage of a firearm. At trial, the FBI...
-
On October 1, 2013, Adria Lopez launched a computer services company called Success Systems, which provides consulting services, computer system installations, and custom program development. Adria...
-
Sketch the following set (shade the region inside the set): {x R | ||Ax b|| 1}, where b = H and A = [ ]
-
At a certain college, \(30 \%\) of the students major in engineering, \(20 \%\) play club sports, and \(10 \%\) both major in engineering and play club sports. A student is selected at random. a....
-
Suppose that \(90 \%\) of bolts and \(85 \%\) of nails meet specifications. One bolt and one nail are chosen independently. a. What is the probability that both meet specifications? b. What is the...
-
Write an equation similar to eq. 1.2 for the formation of a fluorine molecule from two fluorine atoms.
-
Study the following code snippet carefully and answer the questions that follow. Use the given line numbers for ease of reference. 1.
-
Judy purchased her first home in January of the current year. She obtained a new mortgage and paid $6,000 of interest during the current year. Her state has elected to issue mortgage credit...
-
Ali, Benzema, Carter, Diego, and Eli are five, financially loaded, individuals. Each has put $10 million at your disposal to invest. All of them have equal investment horizons. The funds can be...
-
Write a program to read three numbers in Nasm Assembly Language (compile nasm online - rextester). Each number is between 0 and 9. Then, Multiply the first two, then divide the result by the third...
-
Lutetium Pharma Corp. holds 80% of Erbium Chemicals Inc.'s common shares. On January 1, 20X1, Erbium Chemicals purchased a building from a non-associate for $100,000 with an estimated useful life of...
-
On January 1, 2007 the Orr Company sells heavy equipment to Foible Company for $3 million, then immediately leases it back. The relevant information is as follows: The lease is non-cancelable and has...
-
1. Using the information from Problem 16-4B, prepare a statement of cash flows for Lim Garden Supplies Inc. using the direct method of presenting cash flows from operating activities. 2. How does Lim...
-
If the level remains the same, and the sample size increases, then the power will. Options: increase, decrease.
-
In an experiment to determine the effect of ambient temperature on the emissions of oxides of nitrogen (NO x ) of diesel trucks, 10 trucks were run at temperatures of 40°F and 80°F. The...
-
A system contains two components, C and D, connected in parallel as shown in the diagram. Assume C and D function independently. For the system to function, either C or D must function. a. If the...
-
Gordon is conducting a risk assessment for his organization and determined the amount of damage that flooding is expected to cause to his facilities each year. What metric has Gordon identified?
-
The investments are allocated as follows: 58% are unrestricted, 42% are donor restricted. Investment income (paid in cash) is 3% for the current year.\ \ During the year, the organization received...
-
Estimate the amount of work performed on a 1200 kg car as it accelerates at 1.2 m/s2 over a 150 meter distance. How fast will the car be moving at the end if it started from rest?
Study smarter with the SolutionInn App