There Are Two More Assignments in a Class Before Its

question 20

Short Answer

There are two more assignments in a class before its end,and if you get an A on at least one of them,you will get an A for the semester.Your subjective assessment of your performance is $$\begin{array} { l c } { \text { Event } } & \text { Probability } \\\hline \text { A on paper and } A \text { on exam } & .25 \\\text { A on paper only } & .10 \\\text { A on exam only } & .30 \\\text { A on neither } & .35\end{array}$$
a.What is the probability of getting an A on the paper?
b.What is the probability of getting an A on the exam?
c.What is the probability of getting an A in the course?
d.Are the grades on the assignments independent?

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Definitions:

MACRS

The Modified Accelerated Cost Recovery System, a method of depreciation in the U.S. for tax purposes, allowing for accelerated asset expense deductions over time.

5-Year Property

Property that is classified under MACRS (Modified Accelerated Cost Recovery System) as having a recovery period of 5 years for depreciation purposes.

Automobiles

Motor vehicles with four wheels, designed primarily for passenger transportation on roadways.

Home Office Expenses

Costs associated with using a portion of a home for business purposes, potentially deductible for tax purposes.