THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 57

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A student has access to professor evaluations.Overall,he has enjoyed 70% of all classes he has taken.He finds that of the courses he has enjoyed,13% were taught by professors with poor evaluations.84% of the courses he has taken were taught by professors with good evaluations.
-What is the probability that the class was taught by a professor with poor evaluations and that the student enjoyed the class?

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Definitions:

Required Reserve Ratio

The fraction of deposits that regulators require a bank to hold in reserves and not lend out.

Money Supply

The sum of all financial resources in the form of cash, coins, and amounts in checking and savings accounts present within an economy at a given moment.

Government Securities

Financial instruments issued by a government to finance its expenditures, including bonds, bills, and notes.

Commercial Banking System

A network of financial institutions that accept deposits, offer loans, and provide other financial services to the public and businesses.