A Statistics Professor Has Noted from Past Experience That a Student

question 53

Short Answer

A statistics professor has noted from past experience that a student who follows a program of studying two hours for each hour in class has a probability of 0.9 of getting a grade of C or better, while a student who does not follow a regular study program has a probability of 0.2 of getting a C or better. It is known that 70% of the students follow the study program. Find the probability that if a student who has earned a C or better grade, he/she followed the program.

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Definitions:

Societal Impact

Societal impact involves the effect that actions or policies have on the well-being and functioning of a society.

Public Company

A rephrased descriptor for a business entity that issues shares of stock available to the public through stock exchanges or over-the-counter markets.

Legal Restrictions

Laws, regulations, or policies that limit or regulate certain behaviors, actions, or practices within a jurisdiction or under specific circumstances.

Initial Public Offering

The first time that the stock of a private company is offered to the public for purchase, typically to raise capital for expansion or operations.