Question

Jane and her friend Maria both invest in the stock market. The probability that Jane makes money in a given week is .6. The probability that Jane and Maria both make money in a given week is .48. What is the probability that Maria makes money in a given week if Jane also makes money in that same week

Answer 1

.8

Explanation:

Probability is the ratio of the number of possible outcome to the number of total outcome.

Given that the probability that Jane makes money in a given week is .6 and the probability that Jane and Maria both make money in a given week is .48. Then the probability that Maria makes money in a given week...

Let the probability that Jane makes money in a given week be p(j) and that Maria makes money in a week be p(m) then

p(j) = .6 and

p(j) * p(m) = .48

.6 * p(m) = .48

p(m) = .48/.6

= .8