Examlex

Solved

Thirty-Five Percent of the Students Who Enroll in a Statistics

question 7

Short Answer

Thirty-five percent of the students who enroll in a statistics course go to the statistics laboratory on a regular basis.Past data indicates that 40% of those students who use the lab on a regular basis make a grade of B or better.On the other hand,10% of students who do not go to the lab on a regular basis make a grade of B or better.If a particular student made an A,determine the probability that she or he used the lab on a regular basis.


Definitions:

Syndicate

A syndicate is a temporary alliance of businesses or financial institutions formed to undertake a specific project or transaction, often seen in investment banking, underwriting, or in creating joint ventures.

Commercial Letter

A letter used in business transactions that deals with specific aspects of commercial operations.

Foreign Bond

A bond issued in a country by a foreign entity, denominated in the currency of the country where it is issued.

Multinational Technology

Advanced technological systems and solutions that are developed, deployed, and used across multiple countries by international businesses.

Related Questions