Randall Realty has two rental properties available.The agent assesses a 0.6 probability that property A will be rented by the end of the month, and a probability of 0.8 that property B will be rented by the end of the month.She also believes there is a 0.5 probability that both properties will be rented by the end of the month.What is the probability that property A is rented if property B is rented?
A).125
B).625
C).325
D).525
E).475

Question

Quizplus · Accepted Answer

The probability that property A is rented given that property B is rented can be found using the formula for conditional probability: P(A|B) = P(A and B) / P(B). Given P(A and B) = 0.5 and P(B) = 0.8, P(A|B) = 0.5 / 0.8 = 0.625.

Randall Realty Has Two Rental Properties Available