THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 228

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Consider a sample space defined by events A₁,A₂,B₁,B₂.Let P(A₁)= 0.40 ,P(B₁ ∣ A₁)= 0.60
and P(B₁ ∣ A₂)= 0.70
-What is _P(A₁ ∣ B₂)?

---

Definitions:

Units Produced

The number of complete items manufactured or produced within a given timeframe.

Cash Discount

A reduction in the invoice price offered by sellers to buyers as an incentive for early payment before the established due date.

Prompt Payment

The practice of paying invoices on time, which can help build good relationships with suppliers and might qualify the payer for discounts.

Lower Price

The reduction of cost or charge for a product or service, making it more affordable.