At a Local Pet Adoption Centre for Dogs and Cats

question 4

Essay

At a local pet adoption centre 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:

Saving Rate

The proportion of income that is not spent on consumption but is instead saved or invested.

Productivity

The evaluation of production effectiveness, frequently expressed through the proportion of outputs relative to inputs within the production workflow.

Income

The financial gain earned by an individual or a business, typically through employment, investments, or sales.

Physical Capital

Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.