document.write( "Question 1186491: A department store analyzed its most recent sales and determined the relationship between the way a customer paid for an item and the price category of the item. the joint probabilities are given :
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document.write( "Under $20 cash 0.09 credit 0.03 debit card 0.04
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document.write( "$20-100 dollars Cash 0.05 credit 0.21 debit card 0.17
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document.write( "Over $100 cash 0.01 credit card 0.26 debit card 0.14
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document.write( "find the probability that an item is purchased for over $100 given that it was paid by a credit
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Algebra.Com's Answer #817409 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "A department store analyzed its most recent sales and determined the relationship between the way a customer paid \n" ); document.write( "for an item and the price category of the item. the joint probabilities are given : \n" ); document.write( " \r\n" ); document.write( "Under $20 cash 0.09 credit 0.03 debit card 0.04\r\n" ); document.write( "$20-100 dollars Cash 0.05 credit 0.21 debit card 0.17\r\n" ); document.write( "Over $100 cash 0.01 credit card 0.26 debit card 0.14\r\n" ); document.write( "\r\n" ); document.write( "find the probability that an item is purchased for over $100 given that it was paid by a credit\r\n" ); document.write( "~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "This problem is on \" conditional probability \".\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "The words \"given that it was paid by a credit\" tell you that you can restrict/reduce your selection/(your attention)\r\n" ); document.write( "\r\n" ); document.write( "by considering credit card shopping, ONLY.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Then you see from the Table that 0.03 + 0.21 + 0.26 = 0.50 of all items are payed by credit cards;\r\n" ); document.write( "\r\n" ); document.write( "OF THEM, the part which are over $100 is 0.26 (see the Table).\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "Therefore, the conditional probability under the problem's question is\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " P =\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solved and explained.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |