In a Recent Survey in a Statistics Class,it Was Determined

question 24

Short Answer

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?

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Definitions:

Stagflation

A condition of slow economic growth and relatively high unemployment – a period of stagnation – accompanied by rising prices (inflation).

High Unemployment Rates

A condition where a significant portion of a workforce is not employed but is actively seeking work, reflecting economic downturns or structural changes in the economy.

High Inflation Rates

A situation characterized by a rapid and excessive rise in the general price level of goods and services in an economy over a period of time.

Economy Growth

An increase in the economic output and productivity of a country, often measured by its gross domestic product (GDP) over time.