Determine the Appropriate Probability Rule to Use

question 45

Multiple Choice

Determine the Appropriate Probability Rule to Use
-64% of students at one college drink alcohol regularly, and 12% of those who drink alcohol regularly suffer from depression. What is the probability that a randomly selected student drinks alcohol regularly and suffers from depression

• A) 0.0768
• B) 0.76
• C) 0.6832
• D) 0.5632

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Definitions:

Accommodation Party

An individual who signs a negotiable instrument to lend their credit to another party without receiving a direct benefit.

Shaky Financial Condition

A term describing the unstable or uncertain financial state of an entity, characterized by insufficient cash flow, high debt, or other financial difficulties.

Indorser

A person who signs a document, typically a check or negotiable instrument, indicating their agreement or approval.

Accommodation Indorser

A party who endorses a negotiable instrument for the purpose of lending their credit to another party without direct benefit.