Probability of a sale given that the customer, Basic Statistics

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Probability of a sale given that the customer

a) At a local car dealership the probability of a salesman making a car sale to a customer is 0.4. The probability that the customer has a trade in given that a sale was made is 0.6. The probability that a customer has a trade in given no sale is made is 0.25. What is the probability that a customer has a trade in?

b) What is the probability of a sale given that the customer has a trade in?

c) What is the probability that a customer has a trade in and a sale is made?

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Basic Statistics: Probability of a sale given that the customer

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Basic Statistics: Probability of a sale given that the customer

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Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: Probability of a sale given that the customer

Reference No:- TGS0710911

Recent Questions Asked Basic Statistics

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