Conditional Probability
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An analyst at an investment firm evaluates a portfolio of corporate bonds for two potential risk factors: credit rating downgrade risk and liquidity risk. The evaluation reveals that bonds have credit rating downgrade risk, bonds have liquidity risk, and bonds have neither risk factor. If a bond is selected at random from those in the portfolio that have at least one of the two risk factors, what is the probability that it has credit rating downgrade risk? Express your answer as a decimal.
An integer is selected at random from the set of all positive integers less than or equal to 40. Given that the selected integer is a multiple of 3, what is the probability that it is also a multiple of 4?
A laboratory tested synthetic compound samples for two properties: thermal stability and chemical resistance. Among the samples, exhibited thermal stability, exhibited chemical resistance, and exhibited neither property. If a sample is selected at random from those that exhibited thermal stability, what is the probability that it also exhibited chemical resistance?
In a group of students, students study Spanish and students study French. Among the students studying Spanish, also study French. If a student who studies Spanish is selected at random, what is the probability that the selected student also studies French?
A box contains 12 cards numbered consecutively from 1 through 12. Two cards are selected at random from the box without replacement. Given that the sum of the numbers on the two selected cards is even, what is the probability that at least one of the selected cards has a prime number on it?
A software company audited applications for compliance with two protocols: Accessibility (Protocol A) and Security (Protocol B). The audit revealed that applications complied with Protocol A, applications complied with Protocol B, and applications complied with neither protocol. If an application selected at random from the audited group is known to comply with Protocol A, what is the probability that it also complies with Protocol B?