Compute Conditional Probabilities
-The Manager of a Used Car Lot $\frac { 63 } { 127 }$

question 76

Multiple Choice

Compute Conditional Probabilities
-The manager of a used car lot took inventory of the automobiles on his lot and constructed the following table based on the age of his car and its make (foreign or domestic) .


A car was randomly selected from the lot. Given that the car selected is older than two years old, find the probability that it is not a foreign car.

• A) \(\frac { 63 } { 127 }\)
• B) \(\frac { 64 } { 127 }\)
• C) \(\frac { 63 } { 100 }\)
• D) \(\frac { 16 } { 25 }\)

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Definitions:

Sample Statistics

Quantitative data calculated from a subset of a population, such as the mean or variance.

Control Limits

Statistical boundaries in process control that indicate the maximum and minimum values expected for a stable process performance.

Data Analysis

The process of inspecting, cleaning, transforming, and modeling data with the objective of discovering useful information, informing conclusions, and supporting decision-making.

Process Output

Refers to the final product or result that is produced by a process, quantifiable in terms of quality and quantity.