TABLE 4-6 at a Texas College,60% of the Students Are from the from the Southern

question 2

Short Answer

TABLE 4-6
At a Texas college,60% of the students are from the southern part of the state,30% are from the northern part of the state,and the remaining 10% are from out-of-state.All students must take and pass an Entry Level Math (ELM)test.60% of the southerners have passed the ELM,70% of the northerners have passed the ELM,and 90% of the out-of-staters have passed the ELM.
-Referring to Table 4-6,if a randomly selected student has passed the ELM,the probability that the student is from out-of-state is ________.

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Organization Expenses

Costs incurred in the formation of a corporation, partnership, or other business entity, typically including legal and registration fees.

Paid-in Capital

The amount of money that a company has received from shareholders in exchange for shares of stock, beyond the par value of the shares.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay off debt.