A bank analyst is studying the banks loan portfolio to estimate the number of loans currently in de
A bank analyst is studying the banks loan portfolio to estimate the number of loans currently in default. She finds that the proportion of loans in the banks portfolio that are in default and are for property in California is 15%. (i.e., P(D and C)= .15 where D is default and C is a California customer.) If 25% of the banks mortgages are in California, (i.e., P(C)= .250) calculate the probability of default given that a loan is in California (i.e., P(D|C))?
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