A sales manager at a car dealership has determined that selling a Porsche Cayenne and a Range Rover Sport on the same da
Posted: Wed Jul 06, 2022 12:11 pm
A sales manager at a car dealership has determined that selling a Porsche Cayenne and a Range Rover Sport on the same day is not possible. The probability of selling a Porsche Cayenne is 0.6, while the probability of selling a Range Rover Sport 0.01. He will get a $100,000 bonus if he sells any one of these two cars on a given day. What is the probability that he gets the bonus next week Thursday?