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In a recent survey in a Statistics class,it was determined that only 60% of the students attend class on Fridays.From past data it was noted that 98% of those who went to class on Fridays pass the course,while only 20% of those who did not go to class on Fridays passed the course.
a. What percentage of students is expected to pass the course?
b. Given that a person passes the course, what is the probability that he/she attended classes on Fridays?
Rental Income
Income received from leasing property to others, often subject to taxation and various deductions.
Gross Income
The complete earnings from all origins before deductions or taxes are subtracted.
Personal/Rental Property
Assets owned by an individual that can either be used for personal purposes or rented out to generate income.
Net Loss
The result when a company's total expenses exceed its total revenues, indicating a negative profit for the accounting period.
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