Relationship between events faulty tires and faulty brakes


Given below are the results of a survey of 100 cars:



Condition of brakes

Condition of tires

Faulty

Not faulty

Total

Faulty

25

5

30

Not faulty

$15

$55

70

Total

$40

$60

100

(a) Assuming that the survey is representative of all the cars on the road, what is the probability that a car selected at random will have:

(i) Faulty brakes;

(ii) Faulty tires;

(iii) Either faulty brakes or faulty tires;

(iv) Faulty brakes given that it has faulty tires;

(v) Faulty tires given that it has faulty brakes?

(b) What conclusion would you draw about the relationship between the events 'faulty tires" and 'faulty brakes"?

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Finance Basics: Relationship between events faulty tires and faulty brakes
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