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[Steps Shown] 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

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.

Suppose it is known that a transaction is for services. Use the tabular form of Bayes theorem to find the probability that it is a credit transaction. (10 points)

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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