If possible show functions for excel as well as on paper please Part I Probabili

Question

If possible show functions for excel as well as on paper please

Part I Probability The probability of generating more than $300k in Non-Full Season ticket revenue for a regular season game, given that the game is on a Friday, is 73%. The probability of generating less than $300k in Non-Full Season ticket revenue for a regular season game, given that the game is NOT on a Friday is 53%. The probability that a regular season game is on a Friday is 14%. What is the probability that a regular season game is not on a Friday, given that the game generates more than $300k in Non-Full Season ticket revenue?

Explanation / Answer

P(generate more than $300K)=P(game on friday and generate more than $300K)+P(game not on friday and generate more than $300K)=0.14*0.73+(1-0.14)*(1-0.53)=0.5064

hence P(game not on friday|generate more than $300K)

=P(game not on friday and generate more than $300K)/P(generate more than $300K)

=(1-0.14)*(1-0.53)/0.5064=0.7982

( please revert for any clariifcation)

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