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A study was conducted among a certain group of union members whose health insurance policies required second opinions prior to surgery. Of those members whose doctors advised them to have surgery, 20% were informed by a second doctor that no surgery was needed. Of these, 70% took the second doctor's opinion and did not go through with the surgery. Of the members who were advised to have surgery by both doctors, 95% went through with the surgery.
What is the probability that a union member who had surgery was advised to do so by a second doctor? If necessary, round your answer to two decimal places.
The probability is __________.
Relative Prices
The price of one good or service compared to another, usually expressed as a ratio.
Price of Good
The amount of money required to purchase a specific product or service.
Affordable Consumption Options
Economically accessible choices available to consumers for goods and services within their budget constraints.
Indifference Curves
A graph representing different bundles of goods between which a consumer is indifferent, showing preferences and trade-offs.
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