A large operator of timeshare complexes requires anyoneinterested in making a purchase
Chapter 2, Problem 65(choose chapter or problem)
A large operator of timeshare complexes requires anyoneinterested in making a purchase to first visit the site ofinterest. Historical data indicates that 20% of all potentialpurchasers select a day visit, 50% choose a one-nightvisit, and 30% opt for a two-night visit. In addition, 10%of day visitors ultimately make a purchase, 30% of onenightvisitors buy a unit, and 20% of those visiting for two nights decide to buy. Suppose a visitor is randomlyselected and is found to have made a purchase. How likelyis it that this person made a day visit? A one-night visit?A two-night visit?
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