Question 1196221
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Conditional probability: find the probability that a particular location is an urban one, GIVEN THAT it is operating at a loss.<br>
Informally, the "given that" means the denominator of the probability fraction is only the number of locations that are operating at a loss: 132<br>
The numerator of the probability fraction is the number of locations that are operating at a loss and are also rural: 38<br>
The probability is then 38/132, which is approximately 28.8%.<br>
ANSWER: 28.8%<br>
Formally, the conditional probability is<br><pre>
   P(operating at a loss AND urban)     (38/243)
  ---------------------------------- = ---------- = 38/132
        P(operating at a loss)          (132/243)</pre>