A liquor store owner is willing to cash personal checks for amounts up to $50, but she has become wary of customers who wear sunglasses. Fifty percent of checks written by persons wearing sunglasses...


A liquor store owner is willing to cash personal<br>checks for amounts up to $50, but she has<br>become wary of customers who wear sunglasses.<br>Fifty percent of checks written by persons<br>wearing sunglasses bounce. In contrast, 98% of<br>the checks written by persons not wearing<br>sunglasses clear the bank. She estimates that<br>10% of her customers wear sunglasses. If the<br>bank returns a check and marks it

Extracted text: A liquor store owner is willing to cash personal checks for amounts up to $50, but she has become wary of customers who wear sunglasses. Fifty percent of checks written by persons wearing sunglasses bounce. In contrast, 98% of the checks written by persons not wearing sunglasses clear the bank. She estimates that 10% of her customers wear sunglasses. If the bank returns a check and marks it "insufficient funds," what is the probability that it was written by someone wearing sunglasses?

Jun 02, 2022
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