Let F Be the Event That a Student Is Enrolled

question 32

Short Answer

Let F be the event that a student is enrolled in a finance course, and let S be the event that a student is enrolled in a statistics course. It is known that 40% of all students are enrolled in a finance course and 35% of all students are enrolled in statistics. Included in these numbers are 15% who are enrolled in both statistics and finance. If one student is selected at random and he is enrolled in statistics, what is the probability that he is enrolled in finance?

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Definitions:

Quantity Supplied

The amount of a certain good or service that producers are willing and able to provide at a specific price.

Quantity Demanded

Refers to the total amount of a good or service that consumers want to buy at a specific price level in a given period.

Wealth-Reducing Activities

Activities that diminish the value of assets or the net worth of individuals or entities.

Shift

A change in position or direction, often used in economics to describe a movement in supply or demand curves in response to external factors.