Would someone help to solve and explain this problem?
Total exported devices $2425000$ per year. The top exported device: Device A ($725790$), device B ($537390$), and device C ($159877$).
- Calculate $P(A), P(B)$, and $P(C)$.
- Are the events $A$ and $B$ mutually exclusive? Why? and compute $P(A ∩B)$.
- Find the probability exported device from $A$ or $C$?
- What is the probability to export other than one of these three?
Here is my solution, would check it please:
Q1/
$P(A)=725790/(725790+537390+159877)=0.51002173$
$P(B)=537390/(725790+537390+159877)=0.37763069$
$P(C)=159877/(725790+537390+159877)=0.11234757$
Q2
Yes, they are mutually exclusive, that the same device cannot be exported twice, therefore; $P(A∩C)=0$.
Q3
$P(A∪C)=P(A)+ P(C)= 0.51002173+ 0.37763069= 0.88765242$
Q4
$(2425000-1423057)/425000= 0.4132$
Thanks for providing your work. Here are some Comments.
You are partly on the right track, but in (1) denominators should be 2425000. The way you have it $P(A)+P(B)+P(C)=1$ and that contradicts what you have in (4), which may be OK.
You may be right about (2), but not for the reason given. If $A$ and $C$ are exported independently, then $P(A \cap C) = P(A)P(C).$ If they are mutually exclusive then $P(A \cap C) = 0.$ I hope there is more information about this than you have given. If not, you need to make and state assumptions.
Then in (3) you have $P(A \cup C) = P(A)+P(C)-P(A\cap C).$ In addition to the uncertainty about $P(A \cap C)$, you have the wrong values of $P(A)$ and $P(C)$ from (1).