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A department store which bills its charge-account customers once a month has found that if a customer pays promptly one month, the probability is 0.90 that he will also pays promptly the next month; however, if a customer does not pay promptly one month, the probability that he will pay promptly the next month is only 0.50. what is the probability that a customer who has paid promptly one month will not pay promptly the next three months
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Can someone help me plz.........
a) .9^3 = .729 b) .6^2 * .5 = .060
ok im not understanding what u just did with the question.............. Where to u get the answer for b though
sorry the b is not there, this is something i had answered earlier
ok thanks much
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