The Admissions Office of a Private University Released the Following

question 242

Multiple Choice

The admissions office of a private university released the following admission data for the preceding academic year: From a pool of 4,400 male applicants, 30% were accepted by the university, and of these, 50% subsequently enrolled. Additionally, from a pool of 3,600 female applicants, 40% were accepted by the university, and of these, 30% subsequently enrolled. What is the probability that a student who applies for admission will be accepted by the university and subsequently will enroll?

• A) 0.3773
• B) 0.5919
• C) 0.1365
• D) 0.1409

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Definitions:

Second Mortgages

A type of mortgage taken out on a property that is already mortgaged, generally used to access home equity.

First Mortgages

A primary lien against real property that takes precedence over all other mortgages or liens, except for statutory liens.

Assumes the Mortgage

Refers to when a person takes over the obligations of a mortgage from the original borrower under the terms of the original loan.

Fee Simple

The most complete ownership interest one can hold in real property, with the freedom to use it, sell it, or bequeath it, under the laws of the jurisdiction.