Mathematics, 23.08.2021 20:00 Russthaofficial
A real estate investor notes that of his portfolio, 30% of his apartments are rented to families, 40% are single occupant, and 30% are rented to multiple occupants (non-families). The probability that a rent payment is late for the apartments rented by families is 0.05, while the probability rent is late for single occupants is 0.2, and 0.12 for multiple occupants. What is the probability that if a rent payment is late it is a family occupied apartment
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