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At a University with 1,000 Business Majors,there Are 200 Business

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At a university with 1,000 business majors,there are 200 business students enrolled in an introductory statistics course.Of these 200 students,50 are also enrolled in an introductory accounting course.There are an additional 250 business students enrolled in accounting but not enrolled in statistics.If a business student is selected at random and found to be enrolled in statistics,what is the probability that the student is also enrolled in accounting?


Definitions:

Purposive Approach

A method of statutory interpretation where courts look at the legislature's intent behind the law to apply it to specific cases.

RPM Agreement

The agreement between a retailer and a manufacturer that the retailer will sell certain products at a price set by the manufacturer.

Small Retail Co.

A business that sells goods or merchandise to consumers in relatively small quantities for personal, non-business use.

Auto Supply

Businesses or stores that specialize in providing parts, tools, and accessories for automobiles.

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