Sixty Percent of the Student Body at UTC Is from the State

question 40

Short Answer

Sixty percent of the student body at UTC is from the state of Tennessee (T), 30% percent are from other states (O), and the remainder are international students (I). Twenty percent of students from Tennessee live in the dormitories, whereas, 50% of students from other states live in the dormitories. Finally, 80% of the international students live in the dormitories.
a.What percentage of UTC students live in the dormitories?
b.Given that a student lives in the dormitory, what is the probability that she/he is an international student?
c.Given that a student lives in the dormitory, what is the probability that she/he is from Tennessee?

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Definitions:

Revaluation

The process of adjusting the book value of an asset to reflect its current fair market value.

Journal Entries

Records of financial transactions in the accounting system of a business, ensuring all financial transactions are accounted for.

Equity Method

An accounting technique used to record investments in associate companies, reflecting the investor's proportional share of the investee's net income or loss.

Carrying Amount

The value at which an asset or liability is recognized on the balance sheet, calculated as historical cost minus accumulated depreciation or amortization and impairment losses.