In a recent survey in a statistics class, it was determined that only 60% of the students attend class on Fridays. From past data, it was noted that 98% of those who went to class on Fridays pass the course, while only 20% of those who did not go to class on Fridays passed the course

a. What percentage of students is expected to pass the course?
b. Given that a person passes the course, what is the probability that he/she attended classes on Fridays?

a. 66.8%
b. .88

Business

You might also like to view...

What is the willingness to accept constructive criticism, try and propose new ideas, and maintain a good attitude called?

What will be an ideal response?

Business

The difference between a final good and an intermediate good is

A. In how they are used. B. Final goods are the end result of intermediate goods while intermediate goods are unfinished final goods. C. Final goods are sold in the product market while intermediate goods are sold in the resource market. D. Consumers purchase final goods while producers purchase intermediate goods. E. All of the above are correct.

Business