Compute Conditional Probabilities
-The Manager of a Used Car Lot $\frac { 63 } { 100 }$

question 146

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 was a foreign car, what is the probability that it was older than 2 years?

• A) \(\frac { 63 } { 100 }\)
• B) \(\frac { 37 } { 100 }\)
• C) \(\frac { 63 } { 122 }\)
• D) \(\frac { 37 } { 122 }\)

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Definitions:

Smelted

The process of extracting a metal from its ore by heating and melting, often involving a chemical reduction reaction.

Carload

A shipping term used to indicate the minimum quantity of cargo necessary for goods to be shipped at a carload rate, typically pertaining to rail transport.

Smelted

The process of extracting a metal from its ore by heating and melting.

Carload

A shipping term denoting the minimum quantity of cargo required for a shipper to qualify for a reduced rate.