Delinquent AccountsPolk”s Department Store has observed that 80% of its charge accounts have men”s…
Delinquent Accounts
Polk’s Department Store has observed that 80% of its charge accounts have men’s names on them and that 16% of the accounts with men’s names on them have been delinquent at least once, while 5% of the accounts with women’s names on them have been delinquent at least once. What is the probability that an account selected at random
(a) is in a man’s name and is delinquent?
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