## The probability a randomly selected household owns corporate stock is 0.54. The probability a randomly selected household has no Internet ac

Question

The probability a randomly selected household owns corporate stock is 0.54. The probability a randomly selected household has no Internet access is 0.3. Assume whether a randomly selected household owns corporate stock is independent of whether the household has no Internet access. What is the probability a randomly selected household has no Internet access given the household owns corporate stock

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2021-09-21T14:57:03+00:00
2021-09-21T14:57:03+00:00 1 Answer
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## Answers ( )

Answer:30% probability a randomly selected household has no Internet access given the household owns corporate stock

Step-by-step explanation:I am going to say that we have two events.

Event A:Owning corporate stock. So P(A) = 0.54.Event B:Having no internet access. So P(B) = 0.3.Since they are independent events, we can apply the conditional probability formula, which is:In which

P(B|A) is the probabilitty of event B happening given that A happened. We want to find this.

is the probability of both events happening.

Since they are independent

So

30% probability a randomly selected household has no Internet access given the household owns corporate stock