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

question 136

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 the student is from out-of-state is ________.

---

Definitions:

COUNTIF

A function in spreadsheet applications that counts the number of cells within a range that meet a specified condition.

AVERAGEIF

An Excel function that calculates the average of all numbers in a range that meet specified criteria.

Financial Functions

Specific mathematical formulas used in spreadsheets or financial software to perform calculations related to finance, such as interest rates, payments, and investment returns.

FV

Future Value, a finance function that calculates the future value of an investment based on a constant interest rate and fixed payments over time.