Exams Are Approaching and Helen Is Allocating Time to Studying

question 86

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 feels 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:

Stock Certificate

A physical document that represents ownership of shares in a company.

Certificate of Deposit

A time-bound, interest-bearing financial product offered by banks, requiring the holder to leave a lump-sum deposit untouched until maturity.

Postdating

The act of dating a document, check, contract, or other legal instruments with a date that is later than the actual date.

Negotiability

The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another.