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Which of the following represents the probability that someone who

works full time has more than $5,000 in credit card debt?
(A) P(full time and credit card debt over $5,000)
(B) P(full time or credit card debt over $5,000)
(C) P(full time credit card debt over $5,000)
(D) P(credit card debt over $5,000 | full time)
(E) P(full time)*P(credit card debt over $5,000)

User Brave Dave
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1 Answer

4 votes

Answer:

The correct option is;

(E) P(full time) × P(credit card debt over $5,000)

Explanation:

The given parameters are;

The mode of employment of a person = Full time

The amount of debt in the credit card = More than $5,000

The probability that a person works full time = P(full time)

The probability that the person has over $5,000 in credit card debt = P(credit card debt over $5,000)

Therefore, the probability that someone who works full time has more than $5,000 in credit card debt = P(full time) × P(credit card debt over $5,000)

User Delmin
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