A Standard Admissions Test Was Given at Three Locations

question 55

Short Answer

A standard admissions test was given at three locations. One thousand students took the test at location A, 600 students at location B, and 400 students at location C.The percentages of students from locations A, B and C who passed the test were 70%, 68% and 77%, respectively.One student is selected at random from among those who took the test.
a.What is the probability that the selected student passed the test?
b.If the selected student passed the test, what is the probability that the student took the test at location B?
c.What is the probability that the selected student took the test at location C and failed?

Identify the role and calculation of marginal costs and benefits in optimal decision making.

Differentiate between explicit and implicit costs and their importance in understanding economic and accounting profits.

Recognize the implications of sunk costs in economic decisions.

Understand the application of marginal analysis in "either-or" decisions.

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Definitions:

360-Degree Feedback

A performance appraisal method where an employee receives anonymous feedback from peers, subordinates, and supervisors, offering a comprehensive view of their performance.

Informal Interviews

Conversational methods of gathering qualitative data, often less structured than traditional interviews, allowing for more natural exchanges of information.

Aptitude Tests

Standardized tests designed to measure an individual's ability to develop skills or acquire knowledge.

Simulated Job Performance Tests

Assessments designed to mimic tasks of a specific job role to evaluate a candidate's suitability and capability for the position.