Step 1 :We are given that the probability of a senior citizen suffering from sleep disorder, denoted as P(A), is 0.92.
Step 2 :The probability of a senior citizen suffering from anxiety, denoted as P(B), is 0.07.
Step 3 :The probability of a senior citizen suffering from both sleep disorder and anxiety, denoted as P(A ∩ B), is 0.05.
Step 4 :We can calculate the probability that a senior citizen suffers from sleep disorder given that he or she suffers from anxiety using the formula for conditional probability: P(A|B) = P(A ∩ B) / P(B). Substituting the given values, we get P(A|B) = 0.05 / 0.07 = 0.7142857142857143.
Step 5 :Rounding to two decimal places, we get P(A|B) = \(\boxed{0.71}\).
Step 6 :We can also calculate the probability that a senior citizen suffers from anxiety given that he or she suffers from sleep disorder using the formula for conditional probability: P(B|A) = P(A ∩ B) / P(A). Substituting the given values, we get P(B|A) = 0.05 / 0.92 = 0.05434782608695652.
Step 7 :Rounding to two decimal places, we get P(B|A) = \(\boxed{0.05}\).