Exams Are Approaching and Helen Is Allocating Time to Studying

question 89

Short Answer

Exams are approaching and Helen is allocating time to studying for exams. She plays for the very successful women's lacrosse team and must schedule her studying around lacrosse practices and play-off games. The entire team assumes that the probability of making the play-offs is 50%. Helen thinks that with the appropriate preparation, she has a 70% chance of getting an A in Marketing, but this chance decreases to 60% if the lacrosse team makes the play-offs. Find the probability of getting an A in Marketing and making the lacrosse play-offs.

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Definitions:

Profit Margin

The ratio of net income to revenue, indicating how much profit is generated per dollar of sales.

Return on Investment

A financial metric used to assess the profitability or efficiency of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showcasing the profitability of a company or product.

Operating Income

The profit realized from a business's core operating activities, excluding deductions of interest and taxes.