Examlex

Solved

Certification Test ​ a Standard Certification Test Was Given at Three Locations.1,000

question 222

Short Answer

Certification Test ​
A standard certification test was given at three locations.1,000 candidates took the test at location A,600 candidates at location B,and 400 candidates at location C.The percentages of candidates from locations A,B,and C who passed the test were 70%,68%,and 77%,respectively.One candidate is selected at random from among those who took the test. ​ ​
-{Certification Test Narrative} If the selected candidate passed the test,what is the probability that the candidate took the test at location B?


Definitions:

Quantitative Assessment

The evaluation or measurement of something based on quantity or numbers rather than subjective characteristics.

Reporting Unit

A segment or component of a company for which financial information is available and reviewed regularly by the segment's or the entire company's management.

Consolidated Balance Sheet

A consolidated balance sheet combines the financial statements of a parent company and its subsidiaries into a single document, showing the total assets, liabilities, and equity of the consolidated entity.

Fair Value

The estimated market price of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Related Questions