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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?
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.
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