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A medium-sized company characterized their employees based on the sex of the employee and their length of service to the company. The results are summarized in the table below.
Suppose an employee has been randomly selected from this company. Given that the employee is male, find the probability that they have worked for the company for more than 10 years?
Enforce
To compel observance of or compliance with a law, rule, or obligation.
Negotiable Promissory Note
A financial document that contains a written promise to pay a specified sum of money to a named person or bearer under certain terms.
Worthless Securities
Financial instruments that have lost all monetary value, often resulting in a total loss for the holder.
Holder in Due Course
A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain rights to it free from many defenses.
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