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

question 76

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 not passed the ELM, the probability the student is not from northern Texas is ________.

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Definitions:

Net Present Value

The difference between the present value of an investment project’s cash inflows and the present value of its cash outflows.

Discount Rate

The interest rate used to discount future cash flows to present value, often reflecting the cost of capital or risk level.

Payback Method

A method of investment appraisal that calculates the time required for the cash inflows from a project to repay its initial investment.

Cash Flows

The total amount of money being transferred into and out of a business, affecting the company's liquidity.