Determine the probability of compound events

Reference no: EM1316549

Determine the Probability of compound events.

In a study of the consumer's view of the economy, the probability that a consumer would buy a house during the year was 0.0013, and the probability that the consumer would buy a car during the year was 0.198. There was also a 0.0100 probability that a consumer would buy a house and a car during the year.

a) What is the probability that the consumer would buy either a car or a house or both during the year?

b) What is the probability that the consumer would buy a car during the year given that the consumer purchased a house during the year?

Reference no: EM1316549

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