Forty percent of the students who enroll in a statistics course go to the statistics laboratory on a regular basis. Past data indicates that 65% of those students who use the lab on a regular basis make a grade of A in the course. On the other hand,
only 10% of students who do not go to the lab on a regular basis make a grade of A. If a particular student made an A, determine the probability that she or he used the lab on a regular basis.
0.8125
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The total revenue for the month of March was $3,000, total expenses were $4,500, withdrawals amounted to $800, and additional investment made during the month totaled $2,500 . The net income or net loss for the month was
a. $500 income; b. $1,000 income; c. $3,000 income; d. $4,500 loss; e. $1,500 loss.
A method by which one can compare cash flows across time—either as what a future cash flow is worth today (present value) or what an investment made today will be worth in the future (future value)—is called
A) time-value of money. B) compounding. C) simple interest. D) opportunity cost.
Hollifield Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:Hollifield CorporationOrder Fulfillment DepartmentData InputsResource Data: Number of employees 18 Average salary per employee$33,300 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 75%?Activity Data:Processing OrdersPreparing DeliveriesHandling ReturnsMinutes per unit of the activity202648?Cost Object Data:All CustomersNumber of orders processed22,540Number of deliveries prepared15,180Number of returns handled1,540?On the Capacity Analysis report in time-driven activity-based costing, the "impact on expenses of matching
capacity with demand" would be closest to: A. ($233,100) B. ($259,222) C. ($199,800) D. ($266,400)
If a repossessed product is sold for more than what is owed by the debtor:
a. the seller is not obligated to return the difference b. the seller is obligated to return the difference c. the debtor and seller must split the difference d. the seller must give the debtor at least 50% of the difference e. none of the other choices are correct