ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Of the travelers arriving at a small airport, 50% fly on major airlines, 40 % fly on privately owned planes, and the remainder fly on commercially owned planes not
belonging to a major airline. Of those traveling on the major airlines, 60 % are traveling for business reasons, whereas 40% of those arriving on private planes and
90% of those arriving on the other commercially owned planes are traveling for business reasons. Suppose that we randomly select one person arriving at the airport.
Step 3 of 3: What is the probability that the person randomly selected arrived on a privately owned plane given that the person is traveling for business reasons?
Round your answer to four decimal places, if necessary.
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