Question

Two used cars, car1 and car2 are to be sold. The owners of car1 and car2 have 50% and 40% chances of finding the customers for the cars respectively. Given that at least one of the above two cars is sold, what is the probability that car1 has been sold?

Answer 1

Step-by-step explanation:

If the dealer sold each car for $20,000 , what was the dealers total profit or ... e) 3334 loss. car 1 : P1* 1.25 = 20000. P1 = 16000 car2. P2*0.8 = 20000 .... Profit = 40, we need to find cost of Car 1 + Car 2

Answer 2

Answer:

The probablility is high for car 1 as it has a 50% chance of selling. And as it has 50% chances of selling, there is another 50% chance that the car will not be sold. But the probability would by high as the chance is 50-50.