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TABLE 4-10
Are whites more likely to claim bias? It was found that 60% of the workers were white, 30% were black and 10% are other races. Given that a worker was white, the probability that the worker had claimed bias was 30%. Given that a worker was black, the probability that the worker had claimed bias was 40%. Given that a worker was other race, the probability that the worker had claimed bias was 0%.
-Referring to Table 4-10, what is the probability that a randomly selected worker is black and had not claimed bias?
Capital Cost Allowance (CCA)
The deduction in the Canadian tax system for depreciation of tangible property that a business uses to generate income.
Original Cost
The initial amount of money spent to acquire an asset, before depreciation or amortization is taken into account.
Required Rate Of Return
The minimum percentage return an investor expects to receive from an investment due to its risk level.
Tax Rate
The percentage at which an individual or corporation is taxed on their income.
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