A car dealership finds that a certain model of new car has something wrong with its transmission 15% of the time. How likely is it that a particular model of that car has something wrong with its transmission?
In the question, it is given that the probability that a particular model of car has something wrong with its transmission is 0.15.
this means that we can expect to have every 15th car from each random models to have something wrong with it.
We know that probability less than 5% is considered as unusual
15% probability is not an unusual probability because it is not less than 5% probability, so there is high chance that a particular model of that car has something wrong with its transmission.
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