(Step-by-Step) 51% of a small business’ transactions are cash and 49% are credit. Of the cash transactions, 51% are for goods and 49% for services. Of the
Question: 51% of a small business’ transactions are cash and 49% are credit. Of the cash transactions, 51% are for goods and 49% for services. Of the credit transactions, 67% are goods and 33% for services.
Find the probability that a transaction is a credit transaction. (3 points)
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