Q.5 Martin Coleman, credit manager for Beck’s, knows that the company uses three methods to encouragecollection of delinquent accounts. From past collection records, He learns that 70 percent of the accountsare called on personally,20 percent are phoned, and 10 percent are sent a letter. The probabilities ofcollecting an overdue amount form an account with three methods are 0.75,0.60 and 0.65 respectively.Mr.Coleman has just received a payment from a past due account. what is the probability that this account?
(a) Was called on personally?(b) Received a phone call?(c) Received a letter?
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