1. A realtor sells houses in three different neighborhoods in the city—A, B and C. He sells ranch style homes and two-story homes. Last year, 60% of his sales were in neighborhood A, while...


1. A realtor sells houses in three different neighborhoods in the city—A, B and C. He sells ranch style homes and two-story homes. Last year, 60% of his sales were in neighborhood A, while neighborhood B made up 25% and neighborhood C was 15% of the sales. Only 10% of the houses in neighborhood A were ranches, compared with 40% for neighborhood B and 50% for neighborhood C. Suppose we randomly select one of the homes he sold in one of these three neighborhoods.


(1) What’s the probability that the home is a ranch? (Enter a decimal as your answer, round to the nearest thousandth when necessary)


(2) If the home is a ranch, what’s the probability that it is in neighborhood C? (Enter a decimal as your answer, round to the nearest thousandth when necessary)



Jun 08, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here