At a Local Pet Adoption Center for Dogs and Cats

question 68

Short Answer

At a local pet adoption center for dogs and cats, it is known that if a person adopts a pet, there is a 0.45 probability that it will be a cat and a 0.55 probability that it will be a dog. If a cat is adopted, the probability that it is female is 0.60. If a dog is adopted, the probability that it is female is 0.35. An adopted pet is selected at random and is found to be male. What is the probability that the adopted pet is a dog?
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Definitions:

Additional Paid-In Capital

Represents the amount of money shareholders have invested in a company above the nominal value of the shares.

Exercise

A physical or mental activity performed for the purpose of maintaining health and fitness or a procedure undertaken to achieve a skill through practice.

Non-Interest-Bearing Note

A promissory note or loan agreement that does not accrue interest over its duration.

Present Value

The contemporary valuation of a sum of money to be received in the future or ongoing cash flows, using a specific return rate.