If a Household Has at Least One Cat, There Is

question 67

Multiple Choice

If a household has at least one cat, there is a 30% probability that the household has at least one dog. Thirty percent of households have at least one cat and 33% of households have at least one dog. Given that a household has at least one dog, the probability that the same household has at least one cat is _______ .

• A)0.27
• B)0.17
• C)0.48
• D)0.06

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Definitions:

Liability Account

An accounting record that captures the amounts a company owes to others.

Gross Sales

represent the total sales revenue before any deductions are made for returns, allowances, or discounts.

Cash Sales

Transactions in which goods or services are exchanged immediately for cash payment.

Credit Sales

Sales made on credit, allowing buyers to pay at a later date, usually generating accounts receivable for the seller.