It Rains in Spain an Average of Once in 20

question 95

Short Answer

It rains in Spain an average of once in 20 days, and when it does, hurricanes have a 4% chance of happening in Hartford. When it does not rain in Spain, hurricanes have a 1% chance of happening in Hartford. What is the probability that it rains in Spain when hurricanes happen in Hartford Please, round your answer to four decimal places.

The probability is __________.

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Definitions:

Comparative Balance Sheet

A financial statement that presents a company's assets, liabilities, and equity at two or more points in time, allowing for comparison and trend analysis.

Operating Activities

Operating activities include the primary revenue-generating activities of a business, as well as other activities that are not investing or financing activities, reflecting the company's core operations cash flow.

Comparative Balance Sheet

A financial statement that provides a snapshot of a company's assets, liabilities, and equity at two or more points in time for comparison.

Cash Dividends

Payments made by a corporation to its shareholders from its profits in the form of cash.